Cirrus Logic Inc. Reports 43% Fall In Q4 Profit

(RTTNews) - Cirrus Logic Inc. (CRUS) revealed earnings for fourth quarter that dropped from last year.

The company said its bottom line totaled $24.91 million, or $0.38 per share. This was lower than $43.46 million, or $0.66 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.1% to $232.00 million. This was down from $255.18 million last year.

Cirrus Logic Inc. earnings at a glance:

-Earnings (Q4): $24.91 Mln. vs. $43.46 Mln. last year. -Earnings Decline (Y-o-Y): -42.7% -EPS (Q4): $0.38 vs. $0.66 last year. -EPS Decline (Y-o-Y): -42.4% -Analysts Estimate: $0.21 -Revenue (Q4): $232.00 Mln vs. $255.18 Mln last year. -Revenue Change (Y-o-Y): -9.1%