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Technology | Semiconductor - Broad Line | USA
Cypress Semiconductor Surges on Fourth-Quarter Earnings Beat
Automotive-related products and Internet of Things devices give boost to Cypress Semiconductor.
Cypress Semiconductor Corp. (CY - Get Report) rose 6.6% to close at $14.79 a share on Friday, Feb. 1, after surging even higher in the morning, a day after releasing strong earnings for the fourth quarter and all of 2018, thanks in part to its growing automotive and internet-connected device businesses.
In the report released after the markets closed on Thursday, the California-based technology company revealed adjusted fourth-quarter earnings of 35 cents a share, outpacing earnings for the same period a year prior by 7 cents and topping Zacks Consensus Estimate of by 2 cents.
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https://www.thestreet.com/technology/cypress-14853006
![[Bild: CYc1dl1756.png]](https://finviz.com/publish/020119/CYc1dl1756.png)
Cypress Semiconductor Surges on Fourth-Quarter Earnings Beat
Automotive-related products and Internet of Things devices give boost to Cypress Semiconductor.
Cypress Semiconductor Corp. (CY - Get Report) rose 6.6% to close at $14.79 a share on Friday, Feb. 1, after surging even higher in the morning, a day after releasing strong earnings for the fourth quarter and all of 2018, thanks in part to its growing automotive and internet-connected device businesses.
In the report released after the markets closed on Thursday, the California-based technology company revealed adjusted fourth-quarter earnings of 35 cents a share, outpacing earnings for the same period a year prior by 7 cents and topping Zacks Consensus Estimate of by 2 cents.
...
https://www.thestreet.com/technology/cypress-14853006
