Cypress Semiconductor (CY) Tops Q1 EPS by 2c, Offers Q2 Guidance
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Cypress Reports First Quarter 2017 Results
April 27, 2017 4:06 PM EDTSAN JOSE, Calif., April 27, 2017 /PRNewswire/ --Â Cypress Semiconductor Corporation (NASDAQ: CY) today announced its first quarter 2017 results.
"Cypress delivered record revenue1 in the first quarter that exceeded the high end of our guidance range," said Hassane El-Khoury, Cypress President and Chief Executive Officer. "We saw above seasonal growth in our Microcontroller and Connectivity Division and strength in our memory products which exceeded our expectations. Our wireless connectivity grew 30% from the fourth quarter of 2016 and Automotive revenue hit a... More
