Apple Chip Supplier Cirrus Logic Smashes Forecasts

By | October 28, 2015

Scalper1 News

Apple (AAPL) chip supplier Cirrus Logic (CRUS) smashed analysts’ fiscal Q2 2016 earnings and revenue forecasts when it reported late Wednesday. In response, shares continued flying after hours on Wall Street. Cirrus Logic stock closed up 7.7% for the day at 31.62 and was up nearly 5% in early after-hours trading. NXP Semiconductors (NXPI) stock, which also supplies chips for the iPhone 6S series, closed up fractionally ahead of its fiscal Q3 Scalper1 News

Scalper1 News