Cypress Semiconductor (CY) Tops Q1 EPS by 3c
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Cypress Reports First Quarter 2019 Results
April 25, 2019 4:05 PM EDTSAN JOSE, Calif.--(BUSINESS WIRE)-- Cypress Semiconductor Corporation (NASDAQ: CY), today announced its first quarter 2019 results with the following highlights:
$539.0 million in revenue, in line with guidance GAAP and non-GAAP gross margins were 37.6% and 47.4%, respectively, and represent a 110 bps and 150 bps increase year-over-year GAAP and Non-GAAP diluted EPS were $0.05 and $0.27, respectively, above the high-end of guidance Closed the NAND JV to exit the business and increase focus on high-growth IoT and automotive end... More