Cirrus Logic Inc (NASDAQ:CRUS) reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance above estimates on Tuesday.
Cirrus Logic reported quarterly earnings of $2.97 per share which beat the analyst consensus estimate of $2.44 per share. The company reported quarterly sales of $580.620 million which beat the analyst consensus estimate of $533.890 million.
Cirrus Logic said it sees fourth-quarter sales of $410.000 million to $470.000 million, versus market estimates of $384.290 million.
“Cirrus Logic delivered revenue above the high end of our guidance range for the December quarter driven by stronger-than-anticipated demand for components shipping into smartphones and …