Cree (CREE) Tops Q2 EPS by 10c, Offers Q3 Guidance
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Cree Reports Financial Results for the Second Quarter of Fiscal Year 2017
January 24, 2017 4:01 PM ESTDURHAM, N.C.--(BUSINESS WIRE)-- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced consolidated revenue of $347 million from continuing operations, and $54 million from discontinued operations, for a combined revenue of $401 million for its second quarter of fiscal 2017. This represents an 8% decrease compared to combined revenue of $436 million ($394 million from continuing operations and $42 million from discontinued operations) for the second quarter of fiscal 2016 and an 8% increase compared to the first quarter of fiscal 2017. Combined GAAP net income for the second quarter of fiscal 2017 was $6 million, or $0.06 per diluted... More
