Cirrus Logic Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Cirrus Logic Inc. (CRUS) released earnings for its second quarter that advanced from last year.

The company's bottom line came in at $85.10 million, or $1.43 per share. This compares with $59.79 million, or $0.99 per share, in last year's second quarter.

Excluding items, Cirrus Logic Inc. reported adjusted earnings of $108.49 million or $1.82 per share for the period.

Analysts had expected the company to earn $1.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.0% to $347.33 million from $347.32 million last year.

Cirrus Logic Inc. earnings at a glance:

-Earnings (Q2): $108.49 Mln. vs. $75.67 Mln. last year. -EPS (Q2): $1.82 vs. $1.26 last year. -Analysts Estimate: $1.63 -Revenue (Q2): $347.33 Mln vs. $347.32 Mln last year.

-Guidance: Next quarter revenue guidance: $490 - $530 Mln