Cree (CREE) Reports In-Line Q4 EPS, Offers Q1 Outlook
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Cree Reports Financial Results for the Fourth Quarter and Fiscal Year 2017
August 22, 2017 4:01 PM EDTDURHAM, N.C.--(BUSINESS WIRE)-- Cree, Inc. (Nasdaq: CREE) today announced revenue of $359 million for its fourth quarter of fiscal 2017, ended June 25, 2017. This represents an 8% decrease compared to revenue of $388 million reported for the fourth quarter of fiscal 2016, and a 5% increase compared to the third quarter of fiscal 2017. GAAP net loss for the fourth quarter was $6 million, or $0.06 per diluted share, compared to GAAP net loss of $11 million, or $0.11 per diluted share, for the fourth quarter of fiscal 2016. On a non-GAAP basis, net income for the fourth quarter of fiscal 2017 was $4 million,... More
