* Sees Q4 rev $108-$112 mln vs $103.65 mln
* Sees Q4 margins sequentially higher
* Q3 adj. EPS $0.43 vs est. $0.43
* Q3 rev $122.37 mln vs est. $121.95 mln
Jan 26 (Reuters) – Cirrus Logic Inc forecast
fourth-quarter revenue higher than analysts’ estimates as the
analog chipmaker expects to launch several new products during
the period.
The company, which makes high-precision, analog and
mixed-signal integrated circuits, expects revenue of $108
million to $112 million in the fourth quarter.
Analysts were looking for revenue of $103.65 million,
according to Thomson Reuters I/B/E/S.
The company also expects sequentially higher gross margins
for the period.
For the third quarter, the company reported earnings of
$16.73 million, or 25 cents a share, down from $24.62 million or
34 cents a share, a year ago.
Excluding special items, it earned 43 cents a share. Revenue
rose 28 percent to $122.36.
Analysts on an average had expected earnings of 43 cents a
share on revenue of $121.95 million.
Shares of the company closed at $22.07 on Thursday on the
Nasdaq.
