Cypress Semiconductor Edges Up Despite Warning
Cypress Semiconductor (CY) - Get Report was up 0.7% in midmorning after it said its second-quarter earnings would be between breakeven and 2 cents a share, vs. analysts' expectations of a 2-cent profit.
The company said revenue would be $175 million to $185 million, down sharply from the first quarter's $262 million. In the year-ago period, the company earned 50 cents a share on revenue $300.1 million.
Elsewhere in the sector, semiconductor giant
Intel
(INTC) - Get Report
was down 1.4%, while
Advanced Micro Devices
was down 4.6%. The
Semiconductor Index
(SOX)
was down 2%.
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