The Traderszone Network

Published in TZ Latest News 12 June, 2015 by The TZ Newswire Staff

Top Chip Stock Cirrus Logic Rebounds On Apple Demand

Cirrus Logic (CRUS) is trying to rebound from a series of earnings and revenue declines. Profit at the chip designer jumped 61% to 66 cents a share in fiscal Q4, picking up from the prior quarter’s 9% gain. Sales rose 71% to $255.2 million, accelerating from increases of 10% and 36% in the prior two quarters. Prior to that, the company had posted several quarters of declining sales and profit growth.

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