Cirrus Logic (CRUS) Beats Q4 Earnings and Revenue Estimates

Core Viewpoint - Cirrus Logic reported strong quarterly earnings, significantly exceeding expectations, indicating robust performance in the semiconductor industry [1][2]. Financial Performance - The company achieved earnings of $1.67 per share, surpassing the Zacks Consensus Estimate of$1.15 per share, and up from $1.24 per share a year ago, representing a 45.22$424.46 million, exceeding the Zacks Consensus Estimate by 11.70%, and up from $371.83 million year-over-year [2] - Over the last four quarters, Cirrus Logic has consistently surpassed consensus EPS and revenue estimates [2] Market Performance - Cirrus Logic shares have declined approximately 1.1$0.83 on revenues of $341.24 million, and for the current fiscal year, it is$6.82 on revenues of $1.87 billion [7] - The outlook for the semiconductor industry is positive, with the Electronics - Semiconductors sector ranking in the top 35$0.61 per share, reflecting a year-over-year increase of 154.2%, with revenues projected at $1.88 billion, up 61.6% from the previous year [9][10]