Cypress Semiconductor Corp. (CY) on Thursday reported third-quarter profit of $9.4 million.

The San Jose, California-based company said it had profit of 3 cents per share. Earnings, adjusted for one-time gains and costs, were 15 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The chipmaker posted adjusted revenue of $530.1 million. Six analysts surveyed by Zacks expected $525 million.

For the current quarter ending in December, Cypress expects its per-share earnings to range from 12 cents to 16 cents.

The company said it expects revenue in the range of $510 million to $540 million for the fiscal fourth quarter.

Cypress shares have climbed roughly 5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.26, a rise of 3 percent in the last 12 months.

By: DocMemory
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