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Actionable news in CY: Cypress Semiconductor Corporation,

Cypress Semiconductor (CY) Stock Gains Ahead of Q1 Earnings

NEW YORK (TheStreet) -- Cypress Semiconductor Corp. (CY - Get Report) stock is increasing 3.64% to $8.83 in afternoon trading on Tuesday ahead of the company's 2016 first quarter financial report, due out on Thursday before the market open.

Cypress Semiconductor's earnings are expected to rise year over year, while revenue could more than double based on forecasts.

Wall Street is anticipating earnings of 6 cents per share for the quarter, up from a loss of 45 cents per share that the company reported for the 2015 first quarter. Last year's first quarter loss was driven by merger-related costs.

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