CRUS Sales consensus $285.96 actual $310.00 Million beat by $24.04 million
CRUS EPS consensus $1.41 actual $1.64 beat by 23 cents
CRUS guidance consensus $234.90 Million, guidance given $200 to $220 Million a shortfall of $24.90 million......
Sales for 2 quarters are dead on including projection.......
CRUS has a tendency to guide lower & then beat those numbers....
Gross Margin was 51% actual & projected to be between 50% to 52%....no loss in margin trend
CRUS stock trading AH Bid $26.95, closed @ $26.71...
Conference call starts @ 5 PM
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteI hadn't realized you made a new posting--here's the comment I made on the prior one:
"Hey Saleem,
Based on the CRUS CC, I feel comfortable with the holding. I think the current quarter (ending Mar 2013) should be the trough in the cycle. It would not surprise me to hear commentary like that from the analysts tomorrow, and I think could provide steady upside from these levels.
Stocktrader
January 24, 2013 at 2:44 PM"
Hi Stocktrader,
ReplyDeleteEarning report was good, cc was extremely confident......
I concur with you & will look forward to analyst upgrades.....
I still fail to understand why CRUS was crushed today to the tune of 10.82% decline ?
CRUS is a company which is trading @ low end of range while beating handily all estimate???
Saleem