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Cirrus Logic Inc  (CRUS)
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    Sector  Technology    Industry Semiconductors
 
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Despite Very Strong Sales EPS Fell


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Cirrus Logic Inc announced forth quarter 2018 operating profit of $20.767 millions



Cirrus Logic Inc announced earnings per share of $0.19 and Sales of $483 millions in the forth quarter 2018, Company's income dropped by -36.03 % per share, versus $0.29 eps, earned in the same quarter a year ago, although Cirrus Logic Inc saw it's Sales rise by 26.62 % in the same period.

Sequentially profit plummeted by -64.34 % from $0.52 per share and Sales Tumbled by -37.2 % from $483 millions.

Net income of $12 millions in the forth quarter 2018 fell by -39.12 % from $20 millions in the corresponding period a year before. Cirrus Logic Inc shifted it's focus on improving sales in the forth quarter 2018, as a result net margin eased to 3.96%.
Looking into financial results for the fiscal year 2018, Cirrus Logic Inc reported Sales of $1.53 billions and net income of $162 millions.

Semiconductors Company explained also, that Earnings deteriorated by -37.24 % to $2.46 per share from $3.92 in the previous fiscal year, while Sales decreased by -0.44 % from $1.54 billions a year ago.
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Cirrus Logic Inc reported third quarter 2017 earnings

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