AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Cirrus Logic Inc. (CRUS) on Wednesday reported fiscal fourth-quarter net income of $81.8 million.
On a per-share basis, the Austin, Texas-based company said it had net income of $1.56. Earnings, adjusted for one-time gains and costs, came to $1.95 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.
The chipmaker posted revenue of $448.5 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $439.8 million.
For the year, the company reported profit of $414.4 million, or $7.85 per share. Revenue was reported as $2 billion.
Cirrus Logic expects full-year revenue in the range of $430 million to $490 million.
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