Shares of Cirrus Logic Inc. (NASDAQ: CRUS) are
soaring in trading today after the Austin, Texas-based company announced its
preliminary third-quarter revenue. Cirrus expects third-quarter revenue to come
in at $122 million, which is well above its previous forecast.
Cirrus Logic shares rose to an intra-day high of
$19.76 in trading today. At last check, the stock was up more than 14% on above
average volume. The rally has pushed Cirrus shares above their 50-day and
200-day moving averages.
To get more information on Cirrus Logic Inc. please
click here…
