Cirrus Logic, Inc. (CRUS) Stock Slumps On Earnings & Guidance Miss

Cirrus Logic, Inc. (NASDAQ:CRUS) Stock slumped in after-hours session after the company said the preliminary fourth-quarter EPS was 66 cents, below S&P Capital IQ Consensus Estimate of 71 cents.

Cirrus Logic, Inc. (CRUS) Stock Slumps On Earnings & Guidance Miss

Revenues came in at $293.54 million, missing S&P Capital IQ Consensus Estimate of $302.35 million.

The company sees next quarter revenues in the range of $240-280 million, compared to $282.73 mln S&P Capital IQ Consensus Estimate.

CRUS stock slumped over 95 in the after-hours session to $78.42.

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