REFILE-UPDATE 1-Cirrus Logic raises Q2 rev outlook, shares rise

(Refiles to show that the companies shares were up 11 pct)

* Ups Q2 rev view to $55.7 mln

* Sees gross margins at upper end of 50-52 pct range

* Shares up 11 pct in extended trade

Oct 5 (Reuters) - Cirrus Logic Inc (CRUS.O) raised its second-quarter revenue forecast, citing stronger-than-expected demand for audio products, sending its shares up 11 percent in after-hours trade.

The company, which supplies signal processing components for audio and energy applications, now expects revenue of about $55.7 million, up from prior view of $48 million to $52 million.

Analysts on average were expecting revenue of $49.8 million, according to Thomson Reuters I/B/E/S.

Cirrus also sees gross margins at the upper end of its prior 50 percent to 52 percent forecast, it said in a statement.

Shares of the company rose 11 percent to $5.70 in after-hours trade. They closed at $5.13 Monday on Nasdaq. (Reporting by Shrutika Verma in Bangalore; Editing by Ratul Ray Chaudhuri)