Cirrus Logic Q4 Profit Rises - Quick Facts

(RTTNews) - Cirrus Logic, Inc. (CRUS), a leader in high-precision analog and digital signal processing components, reported fourth-quarter net income of $21.3 million or $0.32 per share, compared to $12.6 million or $0.20 per share, prior year. Adjusted earnings per share was $0.66, for the quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.47 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $255.18 million compared to $149.66 million last year. Analysts expected revenue of $232.19 million for the quarter.

The company expects first-quarter revenue to range between $260 million and $280 million. Analysts expect the company to report first-quarter revenue of $222.20 million.