Cirrus Logic Q1 Adj $0.67 Beats $0.41 Estimate, Sales $317.02M Beat $290.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cirrus Logic reported Q1 earnings of $0.67 per share, beating the analyst consensus estimate of $0.41 by 63.41%. However, this is a 40.18% decrease from the same period last year. The company also reported quarterly sales of $317.02 million, beating the estimate of $290.58 million by 9.10%, but this is a 19.47% decrease from last year.
August 04, 2023 | 2:20 pm
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Cirrus Logic's Q1 earnings and sales beat estimates but are down from last year.
While Cirrus Logic beat estimates for Q1 earnings and sales, the decrease from the same period last year could potentially impact investor sentiment and the stock price. However, the extent of this impact is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100