Cypress Semi Q1 Eps Tops Expectations; Stock Spikes

Eric Savitz, Forbes
Thu, 04/19/2012 - 6:13am

Cypress Semiconductor shares are trading higher Thursday morning on better-than-expected Q1 profits. For the quarter, the chip maker reported revenue of $185.1 million, down 24% sequentially and 21% year-over-year, but about in line with the Street at $185.2 million. Profits of 12 cents a share topped the Street at 10 cents.

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Topics:  cypress semiconductor   q1   profits   cents   street   million   
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