Cypress Reports First Quarter 2016 Results

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Cypress Semiconductor (CY) Reports In-Line Q1 EPS

April 28, 2016 8:10 AM EDT

Cypress Semiconductor (NASDAQ: CY) reported Q1 EPS of $0.06, in-line with the analyst estimate of $0.06. Revenue for the quarter came in at $425.2 million versus the consensus estimate of $425.17 million.

GUIDANCE:

Cypress Semiconductor sees Q2 2016 EPS of $0.10-$0.14, versus the consensus of $0.11.... More

Cypress Semiconductor (CY) CEO Rodgers to Resign

April 28, 2016 8:09 AM EDT

Cypress Semiconductor Corp. (NASDAQ: CY) announced that its CEO, T.J. Rodgers, will step down this week and that a searchboth internal and externalwould be launched to replace him. In the interim, daily operational activities will be taken over by an Office of the CEO comprised of four current Cypress EVPs: Hassane El-Khoury (EVP, Programmable Systems Division), Dana Nazarian (EVP, Memory Products Division), Joe... More