Cypress Semiconductor (CY) Tops Q3 EPS by 1c, Offers Q4 Guidance
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Cypress Reports Third Quarter 2016 Results
October 27, 2016 4:05 PM EDTSAN JOSE, Calif., Oct. 27, 2016 /PRNewswire/ -- Cypress Semiconductor Corporation (NASDAQ: CY) today announced its third quarter 2016 results.
"Cypress continued its strong execution, with third quarter non-GAAP revenue and EPS at the high end of our guidance range," said Hassane El-Khoury, President and Chief Executive Officer at Cypress. "Our gross margin improvement plan remains on track as we continue to focus on efficiency and execution.
"We are moving quickly to streamline the Company to sharpen our focus on high-growth segments in the automotive, industrial and IoT markets,"... More
