AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Cirrus Logic Inc. (CRUS) on Tuesday reported fiscal third-quarter earnings of $140.3 million.
On a per-share basis, the Austin, Texas-based company said it had net income of $2.66. Earnings, adjusted for one-time gains and costs, came to $2.97 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.42 per share.
The chipmaker posted revenue of $580.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $536.3 million.
For the current quarter ending in March, Cirrus Logic said it expects revenue in the range of $410 million to $470 million.
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