===Cirrus Logic (CRUS) reported earnings on Tue 6 Feb 24 (a/h)

 

Cirrus Logic beats by $0.88, beats on revs; guides Q4 revs in-line

• Reports Q3 (Dec) earnings of $2.89 per share, $0.88 better than the FactSet Consensus of $2.01; revenues rose 4.8% year/year to $619 mln vs the $540.1 mln FactSet Consensus.
• Co issues in-line guidance for Q4, sees Q4 revs of $290-350 mln vs. $330.03 mln FactSet Consensus. GAAP gross margin is expected to be between 49 percent and 51 percent; and
  Combined GAAP R&D and SG&A expenses are anticipated to range between $138 million and $144 million, including approximately $22 million in stock-based compensation expense and $2 million in amortization of acquisition intangibles, resulting in a non-GAAP operating expense range between $114 million and $120 million.
• "Cirrus Logic delivered record revenue and earnings per share in the December quarter," said John Forsyth, Cirrus Logic president and chief executive officer. "In addition to our outstanding financial results, we achieved key milestones in the production of our next-generation audio components while also making exciting advances in our process technology and foundry strategy. Furthermore, customer engagement with our laptop solutions was strong, and we made excellent progress on a number of R&D programs in our high-performance mixed-signal business. With a compelling roadmap of products and an amazing track record of execution, we believe we are well-positioned to grow long-term shareholder value."

This week's biggest % winners & losers : Apr 10 - 14, 23 (wk 15)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: BKD (4.08 +42.48%), OMER (6.34 +32.25%), UBX (1.97 +31.33%), TGTX (20.31 +31.17%), ICPT (17.08 +29.2%), ADAP (1.37 +26.39%), CRBP (9.69 +25.01%), HRTX (2.72 +19.08%)
• Industrials: TRTN (83.47 +34.65%), GTLS (127.72 +19.77%), GOL (2.84 +18.62%)
• Information Technology: EBIX (17.84 +36.7%), STNE (11.81 +31.9%), PAGS (9.29 +19.96%), LPSN (5.30 +18.3%)

This week's top % losers

• Healthcare: CTLT (46.31 -28.7%), SRPT (122.47 -14.09%), ALLK (3.77 -12.85%)
• Industrials: SPR (28.26 -18.02%)
• Consumer Discretionary: UXIN (1.22 -46.49%), TUP (1.53 -36.74%), PLCE (31.16 -18.54%)
• Information Technology: ADTN (10.33 -30.66%), RBBN (2.80 -17.06%), TWOU (5.11 -14.2%), CRUS (88.78 -13.59%), INFY (15.2 -11.87%)

===Cirrus Logic (CRUS) : Apple (AAPL) to abandon a highly anticipated feature in its iPhone 15 Pro

 

Apple (AAPL) will likely abandon a highly anticipated feature in its iPhone 15 Pro models, according to a report Wednesday that hammered supplier Cirrus Logic (CRUS). CRUS stock hit a three-month low.

Due to unresolved technical issues, the iPhone 15 Pro and Pro Max probably won't feature solid-state buttons, TF International Securities analyst Ming-Chi Kuo wrote in a Medium post. These buttons would have replaced the physical power and volume buttons and instead relied on haptic feedback from users.

"Investors had anticipated that the new solid-state button design would increase suppliers' revenue and profits," according to the report. "Thus, this change is particularly unfavorable for Cirrus Logic and AAC Technologies."

In morning trading on today's stock market, CRUS stock went into free fall, diving 14.3% near 87.30. Shares of AAC Technology Holdings (AACAY), which trade over the counter, slumped 14.9% near 2. Apple stock inched 0.2% ahead, trading near 161.10.

CRUS Stock: iPhone 15 Still Expected On Time

The iPhone 15 is still in the earliest stage of development, so there's still time for Apple to make some changes, according to the report.

"Based on these factors, removing solid-state buttons should have limited impact on the mass production schedule and shipments for Pro models," Kuo said.

But CRUS stock took a hit on the report. The company is Apple's exclusive supplier for a key component in the rumored solid-state buttons. AAC and Luxshare ICT supply Apple with another component, but larger Luxshare will be less affected because it has a significantly larger operating scale, Kuo said.

Highly Rated Chip Stock

Shares of Cirrus Logic have soared this year. They broke out of a flat base with a buy point at 108.52 in late March, according to MarketSmith.com. CRUS stock later fell as much as 6.5% below that entry, putting the breakout at risk. Investors should sell when a stock falls 7%-8% below its buy point.

The news Wednesday put highly rated CRUS stock well below that buy point.

-=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.

Earnings this week : July 29 - Aug 2, 19 (wk 31)

Monday (July 29)

• Morning: CTB ONDK SNY TSEM
• Afternoon: ACGL AKS AMH AMKR APPF APTS ARE AROC BRX BYND CGNX CHGG CVCO DISH EHC ELVT FRAC HLIT HTLF ILMN INST JBT JJSF LEG MDR MEDP NBIX NBR NGHC NOV NPO NTR NXPI OFC OGS OMF PCH PI PKI QTS RE RGA RIG RMBS RNG SANM SBAC SCI SSB SSD SSNC TACO TBI TEX TREX TRTX TXRH VNO VRNS WCN 

Tuesday (July 30)

• Morning:  AER AGCO AME AOS ARCC BEN BERY CEQP CIGI CMCO CMI CNX CNXM COP CVLT DHI DORM DSX ECL EME EQM ETN EXLS FDP FMS GEO GLT GLW GPN GRUB GTX HCA HUBB HUD HUN I INCY IPGP IR IRWD IT LDOS LGND LLY LPT MA MCRN MGLN MLM MMC MMYT MO MRK MYE NEO NRZ PAG PEG PG R RL SF SHOO SIRI SLCA SNE SQNS SR ST SXC TRS TX UAA VIVO VSH WAB WAT WCG WDR WYND XRX ZBRA
• Afternoon: AAPL ACHC ADSW AKAM ALL AMD AMGN APAM ARCB ASH ATEN ATRC AX AXS BEAT BLKB BXP BYD CACC CCS CDAY CHRW CINF CNO COHR CRY CSLT DENN DLR EA EGHT ENPH EQR EXP EXR FCPT FEYE FMC FTSI GILD GNW GRPN HA HR HUBG HURN HVT HY IMAX INVH IRWD KAI KBR KL LDL LNDC LSCC MC MDLZ MDU MGRC MKSI MOH MRCY MSTR MX MXIM NANO NATI NCR NR NUVA OKE PAYC PSA QGEN QUAD REXR RPAI RRD RTEC RXN SIMO SOI STAG SYKE SYX TCS TENB TRUP TTOO TWOU TX UDR UIS UMBF UNM VNOM VRSK WES WIRE YUMC ZEN

Wednesday (July 31)

• Morning: ACCO ADP AMCX AMRN AMT APO APTV ARES ASC BDC BG BHGE BLMN BTU CBZ CDW CG CHD CIM CLH CME CRL CRTO D DAN DIN EAF ECA EPD ETR EXTR FCAU FOE FSS GE GIB GLDD GRMN HEP HES HPP HSC HUM ICL JCI JHG KFRC LFUS LHX LIVN MCO MDC MGPI MTOR NI NLSN NYCB ORBC RDWR SAIA SBH SITE SMG SO SPG SPOT SPR SSYS STNG STRA TAP TGI TKR TMHC TNC TPB UTHR WLTW WNC
• Afternoon: ACAD AEGN AGI ALSN AM AMED APA AR ATR ATUS AVB AWK AYX BAND BLDP BOOT CAKE CASA CBL CCRN CF CHDN CHEF CMPR CNMD CONE CRUS CTSH CW CXO DRE DXCM EGOV EPR EQC EQIX ES ETH EVTC EXEL EZPW FICO FIT FIVN FLS FORM FOXF GDI GHL H HABT HCC HCP HI HOLX INN INOV IRTC KAMN KGC KTOS KW LADR LMNX LNC LPI LPSN LRCX LSI MAA MANT MASI MCK MEOH MET MOD MPWR MTDR MUSA MYRG NEXA NLS NLY OI OLN OR OXY PDM PGRE PK PPC PRAH PRU PS QCOM QLYS RBBN RDN RGR ROG RPT SIGI SKT SKY SKYW SLF SPWR SRI SWIR TDOC THG TIVO TRMB TRQ TS TSLX TTEK TTMI TWLO TYL UCTT VAC VAL VICI VNDA VRTX VVV WDC WELL WHD WLL WMB WRI WTI WTS ZNGA 

Thursday (Aug 1)

• Morning: AAON AAWW ABC ABMD ACOR ADM AGIO AKRX ALE AMCR ARW ASIX AVP BCE BCPC BLD BLL BPL BPMC BR BSIG CBRE CI CIR CLVS CLX CNHI CNQ CNSL CRAI CROX CRS CWT DD DEA DLPH DNKN EEX EIGI EXC GIL GLOG GM GNRC GPOR HBI HFC HGV HII HRI ICE IDA IDCC IDXX IGT INGR INSM IRM ITGR K KEM MAC MD MIXT MMP MPC MPLX MPW MSCI MT NMRK NNN NTCT NTLA NVT OSK PBF PBFX PBH PENN PGTI PH PRFT PWR RDS.A RFP RGEN ROLL RPD SABR SFM SHOP SNDR SPAR SPGI SRCL STAR STFC STOR SUM TFX TGP THS TNK TRI TRP TWI UFS VZ W WCC WEX WING WLH WMS WRK XEL XHR XYL YETI YUM ZEUS
• Afternoon: ANET APHA BZH WIFI CC CBPX DLB EBS EOG ETSY FSLR FLR FTNT GDDY GLUU GPRO TUSK PINS QRVO RDFN SQ SVMK OLED ZIXI

Friday (Aug 2) 

• Morning: ARNC XRAY CVX XOM RACE HRC NWL MGI QSR STX  

Notable earnings reports:

• NXP Semiconductors (NASDAQ:NXPI) and Beyond Meat (NASDAQ:BYND ) on July 29;
• Apple (NASDAQ:AAPL), Merck (NYSE:MRK), Pfizer (NYSE:PFE), Procter & Gamble (NYSE:PG), Altria (NYSE:MO), Electronic Arts (NASDAQ:EA), MasterCard (NYSE:MA), Mondelez International (NASDAQ:MDLZ), AMD (NASDAQ:AMD), FireEye (NASDAQ:FEYE ), ConocoPhillips (NYSE:COP) and Under Armour (UA, UAA) on July 30;
• General Electric (NYSE:GE ), Humana (NYSE:HUM), Qualcomm (NASDAQ:QCOM), Fitbit (NYSE:FIT), Spotify (NYSE:SPOT), Western Digital (NASDAQ:WDC) and Cirrus Logic (NASDAQ:CRUS ) on July 31;
• General Motors (NYSE:GM), U.S. Steel (NYSE:X), Kraft Heinz (NASDAQ:KHC), Shopify (NYSE:SHOP), Etsy (NASDAQ:ETSY), Wayfair (NYSE:W), Yum Brands (NYSE:YUM), Square (NYSE:SQ), GoPro (NASDAQ:GPRO) and Universal Display (NASDAQ:OLED) on August 1; 
• Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM), Newell Brands (NASDAQ:NWL) and Seagate Technology (NASDAQ:STX) on August 2.

=Cirrus Logic (CRUS) reported earnings on Wed 2 May 2018 (a/h)

Cirrus Logic misses by $0.07, misses on revs; guides Q1 revs below consensus 

• Reports Q4 (Mar) earnings of $0.51 per share, $0.07 worse thanthe Capital IQ Consensus of $0.58; revenues fell 7.5% year/year to $303.2 mln vs the $316.57 mln Capital IQ Consensus.
• Reports GAAP and non-GAAP gross margin of 50.3% and 50.5%, respectively.
• Co issues downside guidance for Q1, sees Q1 revs of $210-$250 mln vs. $301.10 mln Capital IQ Consensus Estimate. GAAP gross margin is expected to be between 48-50%; and Combined GAAP R&D and SG&A expenses are expected to range between $13-3$139 million, which includes approximately $13 million in share-based compensation and $13 million in amortization of acquired intangibles.

Great trade : Cirrus Logic (CRUS) (12/15) +20%

#58  on 11/24

weekly

Cirrus Logic (CRUS) reported earnings Monday 30 July 2012

** weekly **

 ** after earnings **
Cirrus Logic CRUS +23.22% bullish growth targets for the back half of the calendar year sent shares soaring Tuesday and heightened anticipation for new devices from major customer Apple. The company, which makes audio and energy chips for smartphones and other devices, late Monday said its revenue should soar about 70% to 90% sequentially in the current period and again grow significantly in the December quarter. The company, whose guidance was much better than analysts anticipated, is benefiting in particular from its position as a major audio chip supplier to Apple.