Cypress Semiconductor (CY -4.8%) shares sink after the company's conference call lowers guidance...

|About: Cypress Semiconductor Corpo... (CY)|By:, SA News Editor

Cypress Semiconductor (CY -4.8%) shares sink after the company's conference call lowers guidance on Q1 EPS to $0.15-$0.18 vs. $0.25 consensus, and revenue to $200M-$210M vs. $228M consensus. CY warns revenue will decrease at a rate greater than normal, and bookings and revenue "will bottom out" during the period. (earlier: Q4 earnings)