CRUS Stock: 7.89% Increase Explanation

By Amit Chowdhry ● Feb 5, 2023
  • The stock price of Cirrus Logic, Inc. (NASDAQ: CRUS) increased by 7.89% in the most recent trading session. This is why.

The stock price of Cirrus Logic, Inc. (NASDAQ: CRUS) increased by 7.89% in the most recent trading session.

Why: Q3 results

Results: Cirrus Logic, Inc. (NASDAQ: CRUS) reported a Q3 EPS of $2.40, which was $0.41 higher than a consensus of $1.99. And the revenue for the quarter was $590.6 million compared to a consensus of $543.97 million.