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

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

Cree Reports Financial Results for the Third Quarter of Fiscal Year 2015

April 21, 2015 4:01 PM EDT

DURHAM, N.C.--(BUSINESS WIRE)-- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced revenue of $409.5 million for its third quarter of fiscal 2015, ended March 29, 2015. This represents a 1% increase compared to revenue of $405.3 million reported for the third quarter of fiscal 2014. GAAP net income for the third quarter was $0.7 million, or $0.01 per diluted share, a decrease of 98% year-over-year compared to GAAP net income of $28.2 million, or $0.23 per diluted share, for the third quarter of fiscal 2014. On a non-GAAP basis, net income for the third quarter of fiscal 2015 was $25.0 million, or... More