You can now read 10 articles a month for free. Read as much as you want anywhere and anytime for just 99¢.

Cirrus Logic stock slumps

Continue reading below

The Austin, Texas, audio chipmaker posted better-than-expected second-quarter results and gave a bullish outlook for the December quarter as it benefits from strong sales to its top customer, Apple Inc., for chips used in iPhones, iPads, and other devices. But shares slumped as investors expressed concerns about falling profit margins. Cirrus cited higher than usual production costs.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week