Cirrus Logic Reports First Quarter Revenue Growth to $459.7 Million

Cirrus Logic Inc. reported an increase in profit and revenue for its first quarter, with revenue rising 12.9 percent to $459.723 million from $407.272 million during the same period last year.

Earnings for the quarter rose to $76.851 million, or $1.47 per share, compared to $60.697 million, or $1.14 per share, in the previous year. Adjusted earnings for the period were $96.099 million, or $1.84 per share.

Looking ahead, the semiconductor company provided revenue guidance for the next quarter ranging between $510 million and $570 million.