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Cirrus Logic (CRUS) Stock Gains in After-Hours Trading on Earnings Beat

NEW YORK (TheStreet) -- Shares of Cirrus Logic (CRUS - Get Report) were gaining 4.4% to $33 after-hours Wednesday after the analog and digital signal processing company beat analysts' estimates for earnings in the second quarter of fiscal 2016.

Cirrus Logic reported earnings of 65 cents a share for the fiscal second quarter, beating analysts' estimates of 59 cents a share. Revenue grew 45.9% year over year to $306.76 million for the quarter, compared to analysts' estimates of $306.58 million.

"We are pleased with our results for the September quarter as strong demand for our smart codecs and amplifiers fueled sequential and year-over-year growth,"...


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