SAN JOSE, Calif. — (BUSINESS WIRE) — October 17, 2013 — Cypress Semiconductor Corp. (NASDAQ: CY) today announced its third-quarter 2013 results, which included the remarks below from its president and CEO, T.J. Rodgers. Highlights for the quarter included:
- Revenue and earnings exceeded revised guidance
- Non-GAAP operating expenses dropped to a 3.5-year low
- Non-GAAP operating income increased 7% sequentially
- Dividend yield was 4.9% with a favorable tax treatment
Fellow shareholders:
Our revenue and earnings for the quarter are given below, compared with those of the prior quarter and prior year:
(In thousands, except per-share data)
| NON-GAAP | GAAP | |||||||||||
| Q3 2013 | Q2 2013 | Q3 2012 | Q3 2013 | Q2 2013 | Q3 2012 | |||||||
| Revenue | $188,723 | $193,466 | $203,015 | $188,723 | $193,466 | $203,015 | ||||||
| Gross margin | 53.8% | 53.1% | 57.1% | 48.6% | 47.3% | 54.2% | ||||||
| Pretax margin | 12.5% | 11.5% | 16.7% | -5.1% | -3.1% | 6.8% | ||||||
|
Net income (loss) |
$22,015 | $21,635 | $32,322 | $(8,358) | $3,766 | $14,332 | ||||||
|
Diluted EPS
(loss per share) |
$0.14 | $0.14 | $0.20 | $(0.06) | $0.02 | $0.09 | ||||||
