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Cirrus Logic (CRUS) Stock Pops After Q1 Beat

NEW YORK (TheStreet) -- Shares of Cirrus Logic (CRUS) are jumping 12.52% to $47. in pre-market trading this morning after the chip manufacturer posted better-than-expected results for the 2017 first quarter after yesterday's closing bell.

Cirrus Logic posted earnings of 44 cents per share, exceeding analysts projected 28 cents per share. Revenue came in at $259.4 million, surpassing analysts projected $236.37 million.

Last year, the company posted earnings of 68 cents...