Analysts were expecting Cypress Semiconductor Corporation (CY) [Chart - News - Analysis] to report earnings of $0.06 for last quarter, but CY beat expectations with actual earnings of $0.10---4 cents above the consensus estimate.

If you compare last quarter's earnings to the $0.30 the company made per share during the same quarter a year ago, you can see that CY’s earnings are down this year.

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Also, if you compare CY's 15.00% projected earnings-per-share (EPS) growth rate for the next five years with the projected EPS growth rate of 12.43% for the Semiconductor - Broad Line industry as a whole during that same time frame, you can see that analysts expect CY to outperform the industry in the future---which is a good sign for the stock.

Drilling down a little deeper into the Semiconductor - Broad Line industry, you can see how analysts believe CY will stack up against some of the other stocks in the industry, like Intel Corporation (INTC) [Chart - News - Analysis] and Texas Instruments Inc. (TXN) [Chart - News - Analysis], in the future. Analysts believe INTC's earnings are going to grow at a rate of 11.78% while TXN's earnings are going to grow at a rate of 13.38%.

Earnings season can be a volatile time in the stock market. Check out these videos and articles to be better prepared to take advantage of the large price moves that tend to accompany earnings announcements.

- Earnings Season is Here - Find Out How to Trade It

- Using Options to Trade Earnings

- Understanding Stock Analyst Research and Recommendations

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