Cirrus Logic (NASDAQ:CRUS) reported its Q3 earnings results on Monday, January 31, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Cirrus Logic beat estimated earnings by 18.69%, reporting an EPS of $2.54 versus an estimate of $2.14, which surprised analysts.
Revenue was up $62.55 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.19, which was followed by a 1.02% drop in the share price the next day.
Here's a look at Cirrus Logic's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.63 | 0.40 | 0.71 | 1.86 |
| EPS Actual | 1.82 | 0.54 | 0.66 | 2.13 |
| Revenue Estimate | 450.40M | 261.76M | 302.47M | 458.59M |
| Revenue Actual | 465.89M | 277.25M | 293.54M | 485.80M |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
