Cypress Semiconductor Q4 Loss Narrows, Adj. Earnings Beat View - Quick Facts

(RTTNews) - Cypress Semiconductor Corp. (CY) Thursday reported fourth-quarter net loss attributable to the company of $13.58 million or $0.09 per share, narrower than $22.22 million or $0.15 per share in the previous year.

On a non-GAAP basis, earnings for the recent quarter were $0.09 per share, while the company posted $0.05 per share in the prior year.

On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.08 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter declined 7% to $167.78 million from $180.28 million a year earlier. Analysts estimated revenues of $166.61 million for the quarter.

Looking ahead, the company expects revenue to remain in a seasonal trough in the first quarter and then to increase during the rest of 2014.