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News Breaks | | | | January 8, 2013 | | 08:06 EDT |  | CY | Cypress Semiconductor sees Q4 adjusted EPS 3c-4c, consensus 14c
Sees Q4 revenue $177M-$179M, consensus $193.5M. EPS guidance is lower than previous forecast due to lower revenue and lower gross margins due to product mix, lower manufacturing absorption and inventory related charges. “The anemic macro environment impacting the semiconductor industry continued in Q4, and in the last two weeks of December we saw further weakness, mainly within our distribution channels, as customers across all geographies and end markets purchased less product than previously was forecasted by our distribution partners,” said Brad Buss, EVP and CFO. | |
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News For CY From The Last 14 Days Check below for free stories on CY the last two weeks. |
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| May 15, 2013 | | 11:09 EDT |  | CY | Rumor: Synaptics weakness attributed to competitor comments
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