Key Developments For Cirrus Logic, Inc.
Cirrus Logic, Inc. (CRUS.O) (Nasdaq)
Cirrus Logic, Inc. Issues Q3 2010 Revenue Guidance Above Analysts' Estimates
Cirrus Logic, Inc. announced that for the third quarter of 2010, it expects revenue to be in the range of $58-$62 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $56 million for the same period.
Cirrus Logic, Inc. Raises Q2 2010 Revenue Guidance
Cirrus Logic, Inc. announced that it expects net revenue for the second quarter of 2010, to be up 48% sequentially to approximately $55.7 million, an increase from the previous forecast of $48 million to $52 million. The increase in revenue is primarily driven by stronger than previously anticipated demand for audio products. According to Reuters Estimates, analysts were expecting the Company to report revenues of $49.8 million for the same period.
Cirrus Logic, Inc. Issues Q2 2010 Revenue Guidance Above Analysts' Estimates
Cirrus Logic, Inc. announced that for second quarter of 2010, it expects revenue to be in the range of $48-$52 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $42 million for the same period.
Cirrus Logic, Inc. Issues Q1 2010 Revenue Guidance Above Analysts' Estimates
Cirrus Logic, Inc. announced that for first quarter of 2010, it expects revenue to range between $36-$40 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $34 million for the same period.
Cirrus Logic, Inc. Announces $20 Million Share Repurchase Program
Cirrus Logic, Inc. announced a share repurchase program of up to $20 million. The repurchases will be funded from existing cash and may be effected from time to time depending on general market and economic conditions.
