Tag Archives: CY

Business, Finance, Occupation & Industry

Cypress to Announce First-Quarter 2013 Results on April 18

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By Business Wirevia The Motley Fool

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Cypress to Announce First-Quarter 2013 Results on April 18

Conference Call to be Webcast at: www.cypress.com/investors

SAN JOSE, Calif.–(BUSINESS WIRE)– Cypress Semiconductor Corp. (NAS: CY) will announce its first-quarter 2013 earnings on Thursday, April 18, 2013 and will discuss the results in a conference call that day at 8:30 a.m. Pacific Daylight Time.

All interested parties are requested to contact 408-943-2113 no later than Monday, April 15 to reserve a position for the quarterly conference call. The event will be broadcast over the Internet and can be accessed through Cypress’s website at www.cypress.com/investors. The archived presentation will be available for two weeks immediately following the event.

Full text of the press release and supplemental financial information will be made available on First Call and the Cypress website on the morning of the conference call.

About Cypress

Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® programmable system-on-chip families and derivatives, CapSense touch sensing and TrueTouch® solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets, PCs and tablets. Cypress is also the world leader in SRAM memories. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.

Cypress, the Cypress logo, PSoC, CapSense, TrueTouch and West Bridge are registered trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

Cypress PR
Samer Bahou, 408-232-4552
samer.bahou@cypress.com

KEYWORDS:   United States  North America  California  Minnesota

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The article Cypress to Announce First-Quarter 2013 Results on April 18 originally appeared on Fool.com.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

AMC Entertainment Inc. Reports a 10.8% Increase in Total Revenues and a 6.8% Increase in Attendance

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By Business Wirevia The Motley Fool

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AMC Entertainment Inc. Reports a 10.8% Increase in Total Revenues and a 6.8% Increase in Attendance During CY2012

KANSAS CITY, Mo.–(BUSINESS WIRE)– AMC Entertainment Inc. (AMC), one of the world’s leading theatrical exhibition companies, today reported unaudited results for the period ended December 31, 2012.

AMC‘s total revenues increased 10.8%, or $259 million, to $2.65 billion during the period December 30, 2011 through December 31, 2012 (“CY 2012″), compared to the fifty-two weeks ended December 29, 2011 (“CY 2011″). Admissions revenues increased 8.8%, or $144.7 million, to $1.8 billion in CY 2012 compared to CY 2011, primarily due to a 6.8% increase in attendance and a 1.9% increase in average ticket prices. Concessions revenues increased 12.3%, or $81.5 million, to $743 million in CY 2012, compared to CY 2011, due to the increase in attendance and a 5.3% increase in average concessions per patron.

“The entire industry celebrated its best year on record, and AMC celebrated the best year in its history in terms of total revenues,” said Gerry Lopez, AMC‘s CEO and president. “We put smiles on almost 200 million guests’ faces in 2012, a level of attendance we haven’t seen since fiscal 2007. In 2013 we intend to build on this success with additional investments in the modernization of our fleet and enhancement of our food and beverage offerings, to ensure our guests have reasons to return to AMC again and again.”

Net earnings for CY 2012 increased to $58.0 million from a net loss of ($242.5) million in CY 2011. The $300.5 million improvement in net earnings was primarily due to: operating improvements in admissions and concessions revenues due to the success of our food and beverage strategic initiatives, the timing of rewards accumulated and redeemed related to our guest frequency program AMC Stubs and the additional four days included in CY 2012 compared to CY 2011; non-operating improvements due to gains recorded in discontinued operations on the disposition of Canada and UK theatres; lower interest expense and investment losses; lower charges for financing costs; improvement in equity earnings from non-consolidated entities; lower impairment charges; and lower theatre closure expenses.

Adjusted EBITDA for CY 2012 increased to $438.2 million from $302.4 million for the year ended December 29, 2011. Detailed information regarding our revenues, costs and expenses attributable to our operations during CY 2012 and CY 2011 is provided in the tables accompanying this news release.

As of December 31, 2012, AMC owned, operated or held interests in 344 movie theatres with a total of 4,988 screens.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Daily Dividends Report: DLPH, RYN, TSS, FGP, CY

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By MarketNewsVideo Delphi Automotive (DLPH) maintained a dividend of 17 cents per share. The dividend will be paid on March 27 to shareholders of record at the close of business on March 15, and is the first of the former parts unit of General Motors (GM) since the return to the public markets after bankruptcy. …read more
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

Slew of Analyst Upgrades Driving Chip Stocks (ALTR, ATML, CY, ONN, XLNX)

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By 24/7 Wall St.

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It was not that long ago that we saw a research report from Credit Suisse calling the chip sector at an “irresistible cyclical bottom.” Now we have a slew of analyst reports driving shares higher in the semiconductor sector on Tuesday. Chip stocks are responding well, as you will see.

Altera Corp. (NASDAQ: ALTR) was reiterated with a Buy rating and the price target was raised by $4 to $42, based on demand recovery and the possibility of a higher dividend. Shares are up 1.8% at $36.39, against a 52-week range of $29.59 to $40.31.

Atmel Corp. (NASDAQ: ATML) was raised to Buy from Hold at Needham with a price target of $10 on the stock. Shares are up 1.8% at $7.30, against a 52-week range of $4.37 to $10.73.

Cypress Semiconductor Corp. (NASDAQ: CY) was raised to Buy from Hold by Needham, and the price target is $13.00 per share. The upgrade is based in part on valuation and in part due to improving conditions in the SRAM chip market. Shares of Cypress are up 5% at $10.35, against a 52-week range of $8.70 to $18.70.

ON Semiconductor Corp. (NASDAQ: ONNN) was reiterated as Buy at Canaccord Genuity with a $10 price target. The firm is increasing estimates on an improved target model from analysts’ day, with higher gross and operating margin targets versus the prior model, leading to higher earnings estimates. Upside to revenue may be driven by strength for handsets and autos, followed by improving industrial and white goods demand. Shares are up 1.4% at $8.57, against a 52-week range of $5.70 to $9.44.

Xilinx Inc. (NASDAQ: XLNX) is surging after Bank of America/Merrill Lynch raised its price target by $7 to $45 per share and raised the rating to Buy from Hold. The upgrade is driven by the 4G LTE wireless build out, IP broadband, data center upgrades and improving industrial demand.

Filed under: 24/7 Wall St. Wire, Analyst Calls, Semiconductor, Semiconductors, Technology, Technology Companies Tagged: ALTR, ATML, CY, ONNN, XLNX

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Source: FULL ARTICLE at DailyFinance