Seeking Alpha

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

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.
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