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Why Cirrus Logic (CRUS) Stock Is Gaining After Hours

NEW YORK (TheStreet) -- Cirrus Logic (CRUS - Get Report) stock is gaining in extended trading after posting better-than-expected revenue and earnings in its year-ending quarter.

After the bell, shares added 4.1% to $21.48. Over Thursday's session, the stock gained 7.3%, buoyed by customer Apple's (AAPL - Get Report) earnings a day earlier.

Over the three months to March, the circuitmaker earned 41 cents a share, 9 cents higher than analysts polled by Thomson Reuters had expected. 

Revenue of $149.66 million came in higher than estimates of $143.01 million. 

Must Read: Why Starbucks (SBUX) Stock Is Up in After-Hours Trading Today

SELL NOW: If you own any of the 900 stocks that TheStreet Quant Ratings has identified as a 'Sell'...you could potentially lose EVERYTHING in the next 6-12 months. Learn more.

TheStreet Ratings team rates HELMERICH & PAYNE as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate HELMERICH & PAYNE (HP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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SYM TRADE IT LAST %CHG
AAPL $114.64 -3.21%
CRUS $29.41 -6.43%
FB $94.06 -0.08%
GOOG $629.25 -0.31%
TSLA $266.28 2.42%

Markets

Chart of I:DJI
DOW 17,550.69 -47.51 -0.27%
S&P 500 2,093.32 -4.72 -0.22%
NASDAQ 5,105.5460 -9.8360 -0.19%

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