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CRUS
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Investing.com — Cirrus Logic (NASDAQ:CRUS), a leader in low-power, high-precision mixed-signal processing solutions that create innovative user experiences for the world’s top mobile and consumer applications, experienced a significant pre-market surge in share price, climbing over 9% today.
This impressive uptick follows the company’s announcement of its Q3 financial results, which notably exceeded analyst expectations.
Cirrus Logic reported Q3 EPS of $2.89, better than the consensus estimate of $2.01. Revenue came in at $619 million, beating the consensus of $540.07M. Looking ahead to Q4 of fiscal year 2024, the company expects revenue to be in the range of $290-$350M, compared to the consensus estimate of $332M.
CRUS’ extraordinary performance was seen in advance by our AI-powered stock-picking toll: ProPicks. As a matter of fact, the company had been added by our predictive AI tool to the Mid-Cap Movers strategy at the beginning of the month – since when the stock rallied a solid 12%.
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DEXX Laboratories (NASDAQ:IDXX)
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American Express (NYSE:AXP)
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Source: Investing.com
