Categories Earnings, Technology

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

— 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!

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VZ Earnings: All you need to know about Verizon’s Q2 2024 earnings results

Verizon Communications Inc. (NYSE: VZ) reported its second quarter 2024 earnings results today. Total operating revenue was $32.8 billion, up 0.6% from the same period last year. Consolidated net income

Important Takeaways from Netflix’s (NFLX) Q2 2024 report

Netflix, Inc. (NASDAQ: NFLX) has expanded its subscriber base consistently in recent years, with growth accelerating after it launched a crackdown on password sharing a year ago. While delivering better-than-expected

American Express (AXP): Main takeaways from the Q2 2024 earnings report

Shares of American Express Company (NYSE: AXP) dropped over 3% on Friday after the company delivered mixed results for the second quarter of 2024. Profits beat expectations while revenue came

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