Audio-chip developer Cirrus Logic (NASDAQ: CRUS)reported its fiscal fourth-quarter results after the market closed on May 2. Softening demand for smartphones ate into its revenue and profit, and the company now expects a double-digit decline in revenue during fiscal 2019 due to weak smartphone demand.
Here's what investors need to know about Cirrus' fourth-quarter report.Cirrus Logic Expects a Smartphone Slump This Year
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