Cypress Semiconductor Q1 Profit Matches Estimates - Quick Facts

(RTTNews) - Cypress Semiconductor Corp. (CY) reported that its first-quarter net loss to company narrowed to $7.93 million or $0.05 per share, from a a loss of $28.19 million or $0.19 per share, previous year. Non-GAAP net income attributable to Cypress was $11.97 million or $0.07 per share, for the quarter.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.07 for the quarter. Analysts' estimates typically exclude special items.

Revenues decreased to $170.28 million from $172.73 million, a year ago. Analysts expected revenue of $168.96 million for the quarter.