Thursday, October 20, 2016

Cree Inc. (CREE) Sank To A New Low After Q1 Revenues Disappointed

Cree Inc. (CREE) reported first quarter non-GAAP EPS of $0.15 after the bell Tuesday, down from $0.21 in the previous year. The consensus estimate was for EPS of $0.11. Revenues fell 15.8% to $321.33 million from $381.55 million last year. Street expectations had been for revenues of $322.77 million.

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