Cree Reports Financial Results for the Second Quarter of Fiscal Year 2016
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Piper Jaffray Raised Price Target Following Cree's (CREE) In-Line 2Q
January 20, 2016 7:50 AM ESTPiper Jaffray reiterated a Neutral rating on Cree (NASDAQ: CREE), and raised the price target to $27.00 (from $26.00), following the company's 2Q earnings report and outlook. The most substantial departure from modeled estimates for F2Q fell on the tax line, where the R&D tax... More
Cree (CREE) Tops Q2 EPS by 6c; Guides
January 19, 2016 4:03 PM ESTCree (NASDAQ: CREE) reported Q2 EPS of $0.30, $0.06 better than the analyst estimate of $0.24. Revenue for the quarter came in at $436 million versus the consensus estimate of $434.33 million.
GUIDANCE:
Cree sees Q3 2016 EPS of $0.22-$0.29, versus the consensus of $0.23. Cree sees Q3... More
