On Thursday, Shares of Cypress Semiconductor Corporation (NASDAQ:CY), gained 8.87% to $12.15.
Cypress Semiconductor Corporation, declared its second quarter 2015 results, which comprised of the remarks below from its president and CEO, T.J. Rodgers. Highlights for the quarter comprised of (financial highlights are non-GAAP):
- Revenue of $491.0 million, at the high end of guidance
- Gross margin of 41.0%, in line with expectations
- Earnings per share of $0.15—the highest quarterly earnings in more than two years for the combined pro forma company
- Annualized synergies achieved ahead of plan: $51.6 million
- Divestiture of mobile touchscreen business for $100 million declared
- Dividend of $36.7 million ($0.11 per share, equivalent to 3.7% annualized yield) declared and paid with favorable tax treatment
Cypress Semiconductor Corporation provides mixed-signal programmable solutions, semiconductor memories, and integrated semiconductor solutions worldwide. The company’s Memory Products division designs and manufactures static random access memory (SRAM) products and nonvolatile RAMs used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and other electronic systems; and general-purpose programmable clocks.
Shares of Fifth Third Bancorp (NASDAQ:FITB), declined -1.34% to $21.30, during its last trading session.
Fifth Third Bancorp, stated second quarter 2015 net income of $315 million as compared to net income of $361 million in the first quarter of 2015 and $439 million in the second quarter of 2014. After preferred dividends, net income accessible to common shareholders was $292 million, or $0.36 per diluted share, in the second quarter of 2015, contrast with $346 million, or $0.42 per diluted share, in the first quarter of 2015, and $416 million, or $0.49 per diluted share, in the second quarter of 2014.
Second quarter 2015 comprised of:
Income
- $14 million positive valuation adjustment on the Vantiv warrant
- ($2 million) charge related to the valuation of the Visa total return swap
- ($97 million) non-cash impairment charge related to formerly declared changes in the branch network
Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors.
Finally, Pilgrim’s Pride Corporation (NASDAQ:PPC), ended its last trade with -2.63% loss, and closed at $19.99, hitting its lowest level.
Pilgrim’s Pride Corporation declared that it will host its second quarter 2015 earnings conference call and webcast on Thursday, July 30, 2015 at 7:00 a.m. MDT (9:00 a.m. EDT). Prepared remarks regarding the company’s financial and operational results will be followed by a question and answer period with Pilgrim’s executive administration team.
Pilgrim’s Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators in the United States, Mexico, and Puerto Rico.
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