Tag Archives: cypress seminconductor

Cypress Semiconductor (CY) Reports Earnings In Line, Beats On Revenues

Excluding one time items, Cypress Semi (CY) reported earnings in line with what analysts had expected at .30/share but beat analyst revenue estimates of 575 million by reporting revenues of 600 million, good for a 35% increase over the year ago quarter.  On a negative note, the company sees Q4 revenues and earnings decreasing more than the standard seasonal decline.

“Looking ahead, we are very cautious, like most companies, about the macroeconomic environment and consumer … Read the rest