Cypress Semiconductor (CY) Tops Q2 EPS by 2c
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Cypress Reports Second Quarter 2015 Results
July 23, 2015 8:00 AM EDTSAN JOSE, Calif., July 23, 2015 /PRNewswire/ -- Cypress Semiconductor Corp. (NASDAQ: CY) today announced its second quarter 2015 results, which included the remarks below from its president and CEO, T.J. Rodgers. Highlights for the quarter included (financial highlights are non-GAAP):
Revenue of $491.0 million, at the high end of guidance Gross margin of 41.0%, in line with expectations Earnings per share of $0.15the highest quarterly earnings in more than two years for the combined pro forma company Annualized synergies achieved ahead of schedule: $51.6 million Divestiture of mobile touchscreen business... More