-=Cirrus Logic (CRUS) reported earnings on Wed 31 July 2019 (a/h)

Cirrus Logic beats by $0.20, beats on revs; guides SepQ revs above consensus

Reports Q1 (Jun) earnings of $0.35 per share, excluding non-recurring items, $0.20 better thanthe S&P Capital IQ Consensus of $0.15; revenues fell 6.4% year/year to $238.25 mln vs the $221.1 mln S&P Capital IQ Consensus and vs prior guidance of $200-240 mln.

Co issues upside guidance for Q2 (Sep), sees Q2 revs of $300-340 mln vs. $297.87 mln S&P Capital IQ Consensus.