Investing.com - Cirrus reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cirrus announced earnings per share of $1.99 on revenue of $540.6M. Analysts polled by Investing.com anticipated EPS of $1.45 on revenue of $468.38M.
Cirrus shares are down 26% from the beginning of the year and are trading at $67.85 , down-from-52-week-high.
Cirrus follows other major Information Technology sector earnings this month
Cirrus's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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