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News Breaks
January 24, 2013
08:13 EDTCYCypress Semiconductor says cutting company down to 3 divisions
Reports Q4 book-to-bill of 0.88, up sequentially in every division for the first time all year. The company said, "We did not perform well in 2012, including the fourth quarter. Yes, the economy is lackluster, but our performance was not good even in that environment. Our revenue was at the higher end of our preliminary financial announcement on January 8, 2013, but it decreased 11% sequentially—well below our expectations at the beginning of the fourth quarter. All divisions decreased sequentially and on a year-on-year basis. We are now cutting the company down structurally from four divisions to three to rapidly reduce our operating expenses. Our goal is to re-establish the drop-through earnings leverage that has characterized Cypress since the SunPower spinout."
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April 17, 2014
11:48 EDTCYCypress Semiconductor sees Q2 EPS 11c-13c, consensus 12c
Sees Q2 revenue $181M-$186M, consensus $182.84M. Sees Q2 gross margin approximately 51%. Comments taken from Q1 earnings conference call.
11:42 EDTCYCypress Semiconductor sees Q2 EPS 11c-13c, consensus 12c
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11:41 EDTCYCypress Semiconductor sees Q2 revenue $181M-$186M, consensus $182.84M
Guidance provided on the company's Q1 earnings conference call.
08:05 EDTCYCypress Semiconductor sees Q2 EPS to grow 'much faster' than revenue
The company said, "We exited the first quarter with a book-to-bill ratio of 1.08 and expect solid sequential revenue growth in the second quarter. Our Q2 earnings will grow much faster than revenue, reflecting the inherent leverage created by our efficiency improvements." Consensus for Q2 EPS and revenue are 12c and $182.84M, respectively.
08:04 EDTCYCypress Semiconductor reports Q1 adjusted EPS 7c, consensus 7c
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