Cirrus Logic shares climb after results: flat revenue, larger buyback authorization
FROM THE WIRE · FINANCE.YAHOO.COM
Cirrus Logic (CRUS) just packed a lot into one day. You had flat second quarter revenue, lower earnings on higher R&D, the INVENTVM Semiconductor deal closing, and a bigger buyback authorization. Cirrus Logic shares closed at US$113.58 after the results, with a 1-day share price…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA mid-cap stock rising after results alongside a larger share buyback authorization.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Second quarter revenue was flat.
- 02The buyback authorization was increased.
- 03Shares closed at $113.58 with a 1-day gain of 3.04%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets