Cirrus Logic (NASDAQ:CRUS) reported its Q2 earnings results on Monday, November 1, 2021 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Cirrus Logic reported in-line EPS of $1.82 versus an estimate of $1.63, which surprised analysts.
Revenue was up $118,561,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.14, which was followed by a 2.69% drop in the share price the next day.
Here’s a look at Cirrus Logic’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.40 | 0.71 | 1.86 | 0.90 |
| EPS Actual | 0.54 | 0.66 | 2.13 | 1.26 |
| Revenue Estimate | 261.76M | 302.47M | 458.59M | 310.56M |
| Revenue Actual | 277.25M | 293.54M | 485.80M | 347.32M |
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