Cirrus Logic, Inc. (CRUS) Tops Q1 EPS by 15c

Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q1 EPS of $0.81, $0.15 better than the analyst estimate of $0.66. Revenue for the quarter came in at $320.7 million versus the consensus estimate of $320.22 million.

GUIDANCE:

Cirrus Logic, Inc. sees Q2 2018 revenue of $390-430 million, versus the consensus of $406.7 million.

• GAAP gross margin is expected to be between 48 percent and 50 percent; and
• Combined GAAP R&D and SG&A expenses are expected to range between $119 million and $125 million, which includes approximately $13 million in share-based compensation and $12 million in amortization of acquired intangibles

For earnings history and earnings-related data on Cirrus Logic, Inc. (CRUS) click here.

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