Cirrus Logic's Profit Surges, but Outlook Calls for Sales Drop
Audio-chip developer Cirrus Logic (NASDAQ: CRUS) reported its fiscal first-quarter results after the market closed on August 2. Solid double-digit revenue growth drove a surge in the bottom line, but the company's guidance calls for a year-over-year revenue decline during the second quarter.
Cirrus will benefit from the impending launch of new iPhones, but the company's outlook leaves a lot to be desired. Here's what investors need to know about Cirrus' first-quarter report.
Metric
Source: Fool.com
Cirrus Logic Inc. Aktie
131,00 €
2,34 %
Positive Tendenz für Cirrus Logic Inc. mit mehreren Buy- und keiner Sell-Einschätzung.
Ein leicht positives Potenzial wird für Cirrus Logic Inc. mit einem Kursziel von 143 € im Vergleich zu 131.0 € gesehen.
