UPDATE: Cree (CREE) Reports In-Line Q1 EPS

(updated to correct Q2 EPS guidance)

Cree (NASDAQ: CREE) reported Q1 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $360 million versus the consensus estimate of $359.7 million.

“Cree is a company that’s known as an innovator with a long history of blazing new trails, and I’m excited to be part of this team,” stated Gregg Lowe, Cree CEO. “There are a number of opportunities and challenges in front of us, and I look forward to working together with our talented team to maximize those opportunities while dealing with the challenges head on.”

GUIDANCE:

Cree sees Q2 2018 EPS of ($0.01) to $0.04. Cree sees Q2 2018 revenue of $340-360 million.

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

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