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Cypress Semiconductor Corp Lowers Q4 2012 Guidance


Tuesday, 8 Jan 2013 08:00am EST 

Cypress Semiconductor Corp announced that for the fourth quarter of 2012, which include Ramtron, it expects consolidated revenue of $177 million to $179 million; non-GAAP fully diluted earnings per share (EPS) of $0.03 to $0.04, which is lower than its prior forecast due to lower revenue and lower gross margins due to product mix, lower manufacturing absorption and inventory related charges; and GAAP loss per basic share of ($0.20) to ($0.22) due to lower revenue and gross margins offset by lower than previously expected stock-based compensation charges and one-time charges as expected related to the Ramtron acquisition. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $194 million and EPS of $0.14 for the fourth quarter of 2012. 

Company Quote

10.94
0.035 +0.32%
21 Aug 2014