Apple (AAPL) Traders Look to Strong Cirrus Logic (CRUS) Results for Clues
Tweet
Share
E-mail
Get Alerts CRUS Hot Sheet
Join SI Premium – FREE
Apple (NASDAQ: AAPL) traders are chatting after-hours Wednesday following blow-out results and raised guidance from an Apple-supplier Cirrus Logic, Inc. (NASDAQ: CRUS).
Cirrus Logic reported Q2 EPS of $0.79, $0.08 better than the analyst estimate of $0.71. Revenue for the quarter came in at $194 million versus the consensus estimate of $179.77 million. The company sees Q3 2013 revs of $270-300 million, versus the consensus of $237.65 million.
While small, Cirrus Logic gets 70-80 percent of its sales from Apple.
Cirrus Logic reported Q2 EPS of $0.79, $0.08 better than the analyst estimate of $0.71. Revenue for the quarter came in at $194 million versus the consensus estimate of $179.77 million. The company sees Q3 2013 revs of $270-300 million, versus the consensus of $237.65 million.
While small, Cirrus Logic gets 70-80 percent of its sales from Apple.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Iran Says Hormuz To Close, Citing Ceasefire Violation- Tasnim
- SanDisk and Micron surge as Apple confirms memory price pass-through
- Iran's Supreme Leader: future in-person negotiations that are going to take place do not mean accepting 'the enemy's point of view'
Create E-mail Alert Related Categories
Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
