Cree, Inc. (CREE) Misses Q3 EPS by 1c; Mixed Outlook

Cree, Inc. (NASDAQ: CREE) reported Q3 EPS of $0.22, $0.01 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $409.5 million versus the consensus estimate of $405.77 million.

Cree, Inc. sees Q4 2015 EPS of $0.24-$0.28, versus the consensus of $0.29. Cree, Inc. sees Q4 2015 revenue of $420-440 million, versus the consensus of $434.77 million.

“Q3 revenue and non-GAAP operating profit were within our targeted range despite the impact of extreme winter weather this quarter,” stated Chuck Swoboda, Cree Chairman and CEO. “We’re confident that we’re on the right track and optimistic about the future growth in Lighting and potential upside from our Power & RF product line.”

For earnings history and earnings-related data on Cree, Inc. (CREE) click here.

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