Cirrus Logic (CRUS) Beats Q1 Earnings and Revenue Estimates

Cirrus Logic (CRUS) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 80.65%. A quarter ago, it was expected that this chipmaker would post earnings of $0.67 per share when it actually produced earnings of $1.24, delivering a surprise of 85.07%.Over the last four quarters, the company h ...