AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Cirrus Logic Inc. (CRUS) on Tuesday reported fiscal second-quarter net income of $131.6 million.
The Austin, Texas-based company said it had net income of $2.48 per share. Earnings, adjusted for one-time gains and costs, came to $2.83 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.40 per share.
The chipmaker posted revenue of $561 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $540 million.
For the current quarter ending in December, Cirrus Logic said it expects revenue in the range of $500 million to $560 million.
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