Cypress Semiconductor Q2 Earnings Rise, Tops Estimates - Quick Facts

(RTTNews) - Cypress Semiconductor Corp. (CY) Thursday reported higher earnings for the second quarter, which beat analysts' view.

Net income attributable to Cypress rose to $9.52 million or $0.06 per share from $3.76 million or $0.02 per share in the year-ago period. On an adjusted basis, the company earned $0.16 per share.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.12 for the quarter. Analysts' estimates typically exclude special items.

However, revenues were down to $183.60 million from $193.46 million a year ago. Analysts expected revenue of $183.82 million for the quarter.