Cypress Semiconductor Corp. (CY) reported that its first-quarter net loss attributable to Cypress widened to $28.20 million or $0.19 per share, from $19.46 million or $0.13 per share last year. Adjusted profit per share attributable to Cypress was $0.03 compared to $0.12 last year. Revenues decreased to $172.73 million from $185.09 million last year.
On average, 13 analysts polled by Thomson Reuters expected the company to report profit of $0.01 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $167.34 million for the quarter.
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