Cypress Semiconductor (CY - Get Report) said it earned 25 cents a share in first-quarter earnings excluding items. Analysts had expected the company would earn 23 cents a share, according to Thomson Financial/First Call.Revenue fell less than 1% to $262.3 million from $264.2 million a year earlier. But the company noted that it made some changes to its business model, which reduced revenue. Excluding the changes, the company said it had $287.3 in revenue.
Cypress Clears Estimate, Projects Weaker Second Quarter
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