Cirrus Logic Shares Rise After Q4 Earnings Results
Cirrus Logic Shares Rise After Q4 Earnings Results
Cirrus Logic, Inc (NASDAQ:CRUS) stock climbed Wednesday morning after the company reported strong fourth-quarter financial results.
Cirrus Logic, Inc（納斯達克股票代碼：CRUS）週三上午股價攀升，此前該公司公佈了強勁的第四季度財務業績。
What Happened: Cirrus Logic reported fourth-quarter results after the market close on Tuesday that included adjusted EPS of $1.24, which came in above analyst estimates of 64 cents, according to Benzinga Pro.
發生了什麼：根據Benzinga Pro的數據，Cirrus Logic在週二收盤後公佈了第四季度業績，其中包括調整後的每股收益1.24美元，高於分析師預期的64美分。
The company reported fourth-quarter sales of $371.8 million, beating analyst estimates of $316.522 million. Despite beating sales estimates, the figure represents a 0.27% decrease from the prior year's fourth quarter sales of $372.822 million.
該公司公佈的第四季度銷售額爲3.718億美元，超過了分析師預期的3.16522億美元。儘管超過了銷售預期，但該數字比去年第四季度的3.72822億美元下降了0.27％。
In addition, Cirrus Logic issued guidance for the first quarter. The company said it expects revenue of $290 million to $350 million versus estimates of $302.68 million.
此外，Cirrus Logic發佈了第一季度的指導方針。該公司表示，預計收入爲2.9億美元至3.5億美元，而預期爲3.0268億美元。
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Following the company's quarterly results, Susquehanna maintained a Positive rating on the stock and raised the price target from $100 to $120. Stifel also maintained a Buy rating and raised the price target from $100 to $110.
根據該公司的季度業績，薩斯奎哈納維持對該股的正面評級，並將目標股價從100美元上調至120美元。Stifel還維持買入評級，並將目標股價從100美元上調至110美元。
Price Action: According to Benzinga Pro, Cirrus Logic shares were up 9.97% at $100.22 Wednesday morning.
價格走勢：根據Benzinga Pro的數據，週三上午Cirrus Logic股價上漲9.97％，至100.22美元。
Image: Jirapong Manustrong from Shutterstock.
圖片：來自 Shutterstock 的 Jirapong Manustrong。