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What: Shares of semiconductor designer Cirrus Logic
So what: Cirrus missed analyst targets on both the top and bottom lines in the second quarter and then compounded the problem by guiding to lower sales for the next period. However, $100.6 million in revenue was well within management guidance for this period and above the average analyst target at the time of the first-quarter report.
Now what: Largest customer Apple
Interested in more info on Cirrus? Add it to your watchlist by clicking here.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. Apple is a Motley Fool Stock Advisor pick. The Fool owns shares of Apple. True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community. The Motley Fool is investors writing for investors.