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Technology Stocks : Semi Equipment Analysis

SOXX 303.84

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Dec 22 4:00 PM EST

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From: Return to Sender	5/7/2024 4:27:19 PM
	1 Recommendation Recommended By Sam Read Replies (1) of 95626

Cirrus Logic beats by $0.60, beats on revs; guides JunQ revs in-line but mid-point above consensus 4:04 PM ET 5/7/24 \| Briefing.com Reports Q4 (Mar) earnings of $1.24 per share, excluding non-recurring items, $0.60 better than the FactSet Consensus of $0.64; revenues fell 0.3% year/year to $371.83 mln vs the $315.58 mln FactSet Consensus. Co issues in-line guidance for Q1 (Jun), sees Q1 revs of $290-350 mln vs. $302.42 mln FactSet Consensus."Cirrus Logic made excellent progress in FY24. During the year, we introduced a third-generation camera controller, ramped new products in support of our growing momentum in the laptop market, and completed development of our next-generation custom boosted amplifier and first 22-nanometer smart codec, while also making significant investments in future products and intellectual property," said John Forsyth, Cirrus Logic president and chief executive officer. "Additionally, the company's disciplined execution helped deliver a year-over-year increase in non-GAAP earnings per share."

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