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Cirrus Logic (CRUS) Stock Jumps in After-Hours Trading on Q2 Beat, Guidance

NEW YORK (TheStreet) -- Shares of Cirrus Logic (CRUS) were climbing 6.2% to $55 in after-hours trading on Thursday after the semiconductor supplier posted results that topped analysts' estimates for the fiscal 2017 second quarter.

Following the market close, the Austin, TX-based company reported adjusted earnings of $1.35 per diluted share, surpassing Wall Street's projections of $1.05 per share.

Revenue of $428.6 million exceeded analysts' expectations of $396.9 million, according to FactSet.

For the fiscal third...


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