April 8, 2010 (FinancialWire) — Cirrus Logic Inc. (NASDAQ: CRUS) said that its estimated net revenue based on preliminary financial results for the fourth fiscal quarter, which ended on March 27, 2010, is up 87 percent year-over-year to around $62.6 million, an increase from the previous guidance of $55 million to $59 million.

The company said that its revenue from audio products is estimated at $40.5 million and revenue from energy products is expected to be around $22.1 million.

Cirrus estimates gross margin to be between 56 percent and 57 percent. Combined R&D and SG&A expenses are estimated to be around $26.4 million and include an estimated $1.6 million in share-based compensation and amortization of acquisition-related intangible expenses.

Cirrus Logic will hold its quarterly conference call to discuss fourth quarter, fiscal year 2010 financial results on Tuesday, April 27, 2010 at 10: 30 a.m. EDT. Cirrus Logic will release the company's financial results at around 8: 00 a.m. EDT on the same day.

Texas-based Cirrus Logic develops analog and mixed-signal integrated circuits for a range of customers. The company’s products are used for a variety of audio and energy-related applications.

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

(For more electronics, components & semiconductor related articles go to http://www.financialwire.net/?s=elctrncsmcndctr) (For more conference call articles go to http://www.financialwire.net/?s=cnfcllfnc)

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.