Cirrus Logic Earnings Review: 11 Days after Announcement Shares Up 6.6% (CRUS)
11 days ago, on January 24th, 2013, Cirrus Logic (NASDAQ:CRUS) reported its earnings. Analysts, on average, expected earnings of $1.41 per share on sales of $286.0 million. The company actually reported EPS of $1.64 on sales of $310.1 million, beating EPS estimates by $0.23 and beating revenue estimates by $24.1 million. Shares of Cirrus Logic have climbed from $26.71 to $28.48, representing a gain of 6.6% since the company reported earnings 11 days ago.
In the past 52 weeks, shares of Cirrus Logic have traded between a low of $20.28 and a high of $45.49 and are now at $28.48, which is 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has risen 0.4%.
SmarTrend is tracking the current trend status for Cirrus Logic and will alert subscribers who have CRUS in their portfolio or watchlist when shares have changed trend direction.
Keywords: earnings flashbacks cirrus logic