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Cirrus Logic Inc (CRUS.OQ)

CRUS.OQ on NASDAQ Stock Exchange Global Select Market

37.74USD
19 Apr 2018
Change (% chg)

$-1.24 (-3.18%)
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$38.98
Open
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$35.90
Volume
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Mon, Feb 5 2018

Apple supplier Cirrus plunges after disappointing results

Cirrus Logic Inc , whose audio chips are used in Apple's iPhones, reported quarterly revenue and profit below estimates due to weakness in smartphone sales, sending its shares down 11 percent in extended trading.

Apple supplier Cirrus plunges after disappointing results

Cirrus Logic Inc , whose audio chips are used in Apple's iPhones, reported quarterly revenue and profit below estimates due to weakness in smartphone sales, sending its shares down 11 percent in extended trading.

UPDATE 1-Apple supplier Cirrus plunges after disappointing results

Feb 5 Cirrus Logic Inc, whose audio chips are used in Apple's iPhones, reported quarterly revenue and profit below estimates due to weakness in smartphone sales, sending its shares down 11 percent in extended trading.

Apple supplier Cirrus plunges after disappointing results

Feb 5 Cirrus Logic Inc, whose chips are used in Apple's iPhones, reported quarterly revenue and profit below estimates due to weakness in smartphone sales in late December, sending its shares down 11 percent.

BRIEF-Cirrus Logic Reports Q3 FY18 Revenue Of $482.7 Million

* CIRRUS LOGIC- UNANTICIPATED WEAKNESS IN SMARTPHONE DEMAND THAT MATERIALIZED IN LATE DEC DROVE Q3 RESULTS BELOW EXPECTATIONS,FURTHER IMPACTED Q4 GUIDANCE

BRIEF-Cirrus Logic reports Q2 non-GAAP EPS of $1.36

* Q2 revenue $425.5 million versus I/B/E/S view $410.3 million

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