Cirrus Logic, Inc. (CRUS) Q1 2016 Earnings Results

Cirrus Logic Beats on EPS, Stock Down 4.95%

Cirrus Logic's earnings report showed a significant EPS beat, indicating strong performance in a challenging market. However, the stock fell nearly 5% in reaction, likely due to the lack of revenue details and guidance. Investors may be cautious as the company navigates market uncertainties.

The print

Key numbers

Actual vs. consensus

Metric	Actual	Expected	Surprise
EPS	$0.54	N/A	+45.95%
Revenue	N/A	N/A	N/A

Management

Management commentary

Tone: Neutral

Management expressed satisfaction with the EPS results, but acknowledged market challenges. They emphasized the importance of continuing to innovate.

Management highlighted strong performance in the audio product segment.

They noted ongoing challenges in the broader market environment.

Focus remains on innovation and product development.

Cirrus Logic Beats on EPS, Stock Down 4.95%

Key numbers

Management commentary

Cirrus Logic, Inc.

More earnings this week

Cirrus Logic Beats on EPS, Stock Down 4.95%

Key numbers

Management commentary