Cree (CREE) Tops Q4 EPS by 3c, Offers Q1 Guidance

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Go back to Cree (CREE) Tops Q4 EPS by 3c, Offers Q1 Guidance

Cree Reports Financial Results for the Fourth Quarter and Fiscal Year 2018

August 14, 2018 4:01 PM EDT

DURHAM, N.C.--(BUSINESS WIRE)-- Cree, Inc. (Nasdaq: CREE) today announced revenue of $409 million for its fourth quarter of fiscal 2018, ended June 24, 2018. This represents a 14% increase compared to revenue of $359 million reported for the fourth quarter of fiscal 2017, and a 15% increase compared to the third quarter of fiscal 2018. GAAP net loss for the fourth quarter was $33 million, or $0.33 per diluted share, compared to GAAP net loss of $6 million, or $0.06 per diluted share, for the fourth quarter of fiscal 2017. On a non-GAAP basis, net income for the fourth quarter of fiscal 2018 was $12 million,... More