Cree Inc. (CREE) Surged To A New High Following Q1 Report

Cree Inc. (CREE) reported first quarter EPS of $0.04 after the bell Tuesday, compared to $0.15 a year ago. The result was in line with analysts' expectations. The company expects to report second quarter EPS between a loss of $0.01 and a profit of $0.04. The consensus estimate is for EPS of $0.07.

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