Cirrus Logic Third Quarter 2024 Earnings: Beats Expectations
Cirrus Logic (NASDAQ:CRUS) Third Quarter 2024 Results
Key Financial Results
Revenue: US$619.0m (up 4.8% from 3Q 2023).
Net income: US$138.7m (up 34% from 3Q 2023).
Profit margin: 22% (up from 18% in 3Q 2023).
EPS: US$2.57 (up from US$1.87 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cirrus Logic Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 56%.
Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's shares are up 16% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Cirrus Logic.
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