Shares of Cirrus Logic (CRUS) fall 9% premarket after the company releases a preliminary...

|About: Cirrus Logic, Inc. (CRUS)|By:, SA News Editor

Shares of Cirrus Logic (CRUS) fall 9% premarket after the company releases a preliminary estimate of FQ4 revenue of $206.9M, below the consensus estimate calling for $210M. The tech concern also warned of lower profit margins and the potential it might need to take a loss on inventory.