Cirrus Logic (NASDAQ:CRUS) reported its Q4 earnings results on Thursday, May 4, 2023 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Cirrus Logic beat estimated earnings by 9.52%, reporting an EPS of $0.92 versus an estimate of $0.84.
Revenue was down $117.15 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.41 which was followed by a 7.89% increase in the share price the next day.
Here’s a look at Cirrus Logic’s past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.99 | 1.45 | 0.83 | 1.40 |
| EPS Actual | 2.40 | 1.99 | 1.12 | 2.01 |
| Revenue Estimate | 544.60M | 462.73M | 366.76M | 420.29M |
| Revenue Actual | 590.58M | 540.57M | 393.64M | 489.97M |
To track all earnings releases for Cirrus Logic visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
