Cirrus Logic Inc CRUS reported second-quarter fiscal 2024 adjusted earnings per share (EPS) of $1.80, beating the Zacks Consensus Estimate by 16.9%. However, the bottom line decreased 9.6% from the prior-year quarter's $1.99. Total revenues of $481.1 million surpassed the Zacks Consensus Estimate by 5.2% but declined 11% year over year. The downtick was primarily due to a reduction in components shipping of smartphones and continued lower general market sales.