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Actionable news in CRUS: Cirrus Logic, Inc.,

Cirrus Logic (CRUS) Stock Soars on Strong Q4 Results

NEW YORK (TheStreet) -- Cirrus Logic (CRUS - Get Report) stock is advancing by 8.49% to $36.79 on heavy trading volume on Wednesday afternoon, following the company's better-than-expected fiscal 2016 fourth quarter financial report, which was released after yesterday's market close.

The Austin, TX-based integrated circuits maker reported earnings of 38 cents per share on revenue of $232 million for the three months ended March 26.

Analysts surveyed by Thomson Reuters were expecting earnings of 21 cents per share on revenue of $226 million for the latest quarter.

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