Market Update

November 01, 2012 at 17:20 PM EDT
Margin Concerns Sink Cirrus Logic
Second quarter earnings surged for Cirrus Logic Inc. (Nasdaq: CRUS) to 51 cents per share compared with 10 cents per share a year earlier to surpass analyst expectations and the company forecast current quarter revenue well ahead of analyst estimates but the stock price plunged $4.64 to close at $36.14 over margin concerns.

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