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Cirrus Logic's Profit Surges, but Outlook Calls for Sales Drop

TheMotleyFool 
0 0 04.08.17
Cirrus Logic's Profit Surges, but Outlook Calls for Sales Drop
 
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.

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Source: Fool.com

Cirrus Logic Inc. Stock

€130.00
3.200%
A very strong showing by Cirrus Logic Inc. today, with an increase of €4.00 (3.200%) compared to yesterday's price.
Cirrus Logic Inc. is currently one of the favorites of our community with 20 Buy predictions and no Sell predictions.
As a result the target price of 143 € shows a slightly positive potential of 10.0% compared to the current price of 130.0 € for Cirrus Logic Inc..
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