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Cirrus Logic posts strong Q4 profits
2015-04-29 03:19:14| Electronics - Topix.net
Cirrus Logic Inc. on Tuesday reported a 49 percent surge in fourth-quarter profits and easily topped analysts earnings projections. The Austin-based company that makes integrated circuits for smartphones, tablets and other devices posted a net income of $21.3 million, or 32 cents per share, on revenue of $255.1 million compared with a net income of $12.6 million, or 20 cents per share, on revenue of $149.6 million during the same period last year, according to a filing with the U.S. Securities and Exchange Commission .
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Category:Electronics and Electrical