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Actionable news in CY: Cypress Semiconductor Corporation,

Cypress (CY) Stock Gains in After-Hours Trading on Q2 Results, Outlook

NEW YORK (TheStreet) -- Shares of Cypress Semiconductors (CY) are rising 2.4% to $11.96 in after-hours trading on Thursday after the company reported 2016 second quarter revenue that beat estimates and gave upbeat guidance for the third quarter.

After today's closing bell, the San Jose, CA-based semiconductor company reported revenue of $456.4 million, topping Wall Street's estimates of $455.2 million.

Adjusted earnings were 12 cents per diluted share, which met analysts' expectations.

For the third quarter, the company expects earnings per diluted share between 12 cents to 16 cents on revenue of $510 million to $540...