Menu

Cypress Semiconductor (NASDAQ: CY): Q3 2019 Earnings Snapshot

By Staff Correspondent |
Earnings Update by AlphaStreet

— Cypress Semiconductor (NASDAQ: CY) reported third-quarter 2019 adjusted earnings of $0.30 per share, down from $0.40 last year. The bottom line came in line with the analysts’ expectations.

— Revenues declined by 9% to $574.5 million versus $571.78 million expected. This was hurt by the divestiture of its NAND business, which was completed on April 1, 2019.

Earnings Update by AlphaStreet

— The Microcontroller and Connectivity Division saw a 0.6% year-over-year decline in revenue on the industry headwinds, as well as the US-China trade tensions. The smaller Memory Products Division, meanwhile, fell 36.9%.

— As announced in June, Infineon Technologies AG agreed to buy Cypress for $23.85 per share in cash, corresponding to an enterprise value of about $10 billion. On October 16, the European Commission cleared the deal without any conditions.

— Due to the pending transaction, Cypress will not hold an earnings conference call and has suspended the practice of providing forward-looking guidance.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Advertisement

214 responses to “Cypress Semiconductor (NASDAQ: CY): Q3 2019 Earnings Snapshot”

  1. National identity

    […]Wonderful story, reckoned we could combine several unrelated information, nonetheless definitely worth taking a appear, whoa did one particular learn about Mid East has got far more problerms too […]

  2. Warranty

    […]Wonderful story, reckoned we could combine some unrelated information, nevertheless genuinely really worth taking a appear, whoa did a single learn about Mid East has got more problerms also […]

  3. FiverrEarn

    […]we like to honor numerous other world-wide-web web sites around the internet, even if they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  4. FiverrEarn

    […]Wonderful story, reckoned we could combine a number of unrelated information, nonetheless genuinely really worth taking a appear, whoa did a single understand about Mid East has got a lot more problerms also […]

  5. itme.xyz

    […]we like to honor numerous other web websites around the net, even though they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

Leave a Reply

Top