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Actionable news in CY: Cypress Semiconductor Corporation,

Cypress Semiconductor (CY) Stock Gains in After-Hours Trading on Q3 Earnings Beat

NEW YORK (TheStreet) -- Shares of Cypress Semiconductor (CY) were advancing in after-hours trading on Thursday after the company reported better-than-anticipated earnings for the 2016 third quarter.

Following today's market close, the San Jose-based chipmaker posted adjusted earnings of 15 cents per share, topping analysts' estimates by one cent.

Revenue of $523.8 million missed Wall Street's projections of $525.1 million, according to FactSet.

For the fourth quarter, Cypress forecasts adjusted earnings per share of 12 cents to 16 cents on revenue between...