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Cypress Semi (CY) Slips as Q1 Outlook Misses Views

January 24, 2013 12:10 PM EST Send to a Friend
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Cypress Semiconductor (NASDAQ: CY) shares are slumping Thursday afternoon amid guidance from the company's fourth-quarter conference call.

The Company sees first-quarter revs of $163 million to $170 million, with the consensus currently at $173.9 million.

First-quarter profit will be flat to 2 cents, while the Street sees 4 cents.

Gross margin will be about 51 percent with operating expenses flat to down slightly.

Shares are off about 1 percent today.




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