Cypress Posts Loss As Expected
Cypress Semiconductor Corporation (NYSE:CY) has reported first-quarter 2012 loss of 5 cents per share, in line with the Zacks Consensus Estimate on lower Touch sales. The adjusted loss per share excludes one-time items, but includes stock-based compensation expense. Revenue Cypress reported revenue of $185.1 million, down 23.6% sequentially and 20.6% year over year but within [...]
Cypress Semiconductor Corporation (NYSE:CY) has reported first-quarter 2012 loss of 5 cents per share, in line with the Zacks Consensus Estimate on lower Touch sales. The adjusted loss per share excludes one-time items, but includes stock-based compensation expense.
Revenue
Cypress reported revenue of $185.1 million, down 23.6% sequentially and 20.6% year over year but within management’s revised guidance range of $180–$190 million. The sequential decrease was due to the weakness in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards