Monday, 6 November 2017

3 Things You Need to Know From Cypress Semiconductor’s Q3 2017 Report

Cypress Semiconductor (NASDAQ: CY) reported third-quarter results recently, letting investors know that it took in record revenue of $604.6 million in the three-month period. Revenues have been hitting records all year, and Cypress managed to report $0.03 per share of profit in the quarter after three consecutive quarters with a loss on that metric. The stock is up 64% over the past year.

If you're a Cypress investor or considering buying shares, here are three things from the latest quarterly report that you need to know.

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