Cirrus Logic Inc. (CRUS) released a profit for third quarter that decreased from last year but beat the Street estimates. The

(CRUS) on Tuesday reported fiscal third-quarter net income of $116 million. The Austin, Texas-based company said it had net income of $2.11 per share. Earnings, adjusted for one-time gains and costs,

Cirrus Logic (CRUS) came out with quarterly earnings of $2.51 per share, beating the Zacks Consensus Estimate of $2.03 per share. This compares to earnings of $2.89 per share a year ago. These figures are adjusted for non-recurring items.

AUSTIN, Texas - Cirrus Logic, Inc. (NASDAQ:CRUS) saw its stock jump 10% in after-hours trading Tuesday after the audio chip maker reported fiscal third quarter earnings and revenue that handily beat Wall Street expectations.