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Chipmaker Cirrus forecasts weak quarterly revenue; shares slide
January 28, 2014 / 9:12 PM / 4 years ago

Chipmaker Cirrus forecasts weak quarterly revenue; shares slide

Jan 28 (Reuters) - Audio chipmaker Cirrus Logic Inc , which supplies to Apple Inc, forecast fourth-quarter revenue far below Wall Street estimates, sending its shares down 4.5 percent in trading after the bell.

The company said it expects revenue of $130 million to $150 million in the quarter. Analysts on average were expecting revenue of $173.8 million, according to Thomson Reuters I/B/E/S.

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