May. 7 at 5:32 PM
$CRUS: Cirrus Logic (-1.5%) is trading lower despite upside Q4 (Mar) results last night. CRUS reported a huge EPS beat, its eighth consecutive beat of at least
$0.23. Revenue grew 14.2% yr/yr to
$424.5 mln, which was above the high end of guidance.
The guidance was probably even more important to investors as CRUS expects Q1 (Jun) revs of
$330-390 mln. A couple of things on the guidance. First, the mid-point of the guidance was above analyst expectations, which is good to see. Second, CRUS is known for being conservative with guidance, so to guide above the mid-point is a good sign. https://www.briefing.com/story-stocks/archive/2025/5/7/cirrus-logic-heads-lower-despite-upside-results-may-be-a-bit-of-a-sellthenews-reaction-(crus)?utm_campaign=storystocks&utm_medium=social&utm_source=st&utm_content=link
