Cypress Semiconductor (CY) Reports In-Line Q1 EPS

Cypress Semiconductor (NASDAQ: CY) reported Q1 EPS of $0.07, in-line with the analyst estimate of $0.07. Revenue for the quarter came in at $170.28 million versus the consensus estimate of $169 million.

Commentary: 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.

For earnings history and earnings-related data on Cypress Semiconductor (CY) click here.

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