Cirrus Logic: Fiscal Q2 Earnings Snapshot

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Cirrus Logic Inc. (CRUS) on Monday reported net income of $102.1 million in its fiscal second quarter.

On a per-share basis, the Austin, Texas-based company said it had profit of $1.83. Earnings, adjusted for one-time gains and costs, came to $2.25 per share.

The chipmaker posted revenue of $541.9 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $520 million.

For the current quarter ending in December, Cirrus Logic said it expects revenue in the range of $480 million to $540 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRUS at https://www.zacks.com/ap/CRUS