Cree (CREE) Tops Q2 EPS by 6c, Offers Q3 Gudiance

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Cree Reports Financial Results for the Second Quarter of Fiscal Year 2019

January 30, 2019 4:01 PM EST

DURHAM, N.C.--(BUSINESS WIRE)-- Cree, Inc. (Nasdaq: CREE) today announced financial results for its second quarter of fiscal 2019, ended December30, 2018. Revenue for the second quarter of fiscal 2019 was $413 million, which represents a 12% increase compared to revenue of $368 million for the second quarter of fiscal 2018. GAAP net loss for the second quarter of fiscal 2019 was $2 million, or $0.02 per diluted share. This compares to a GAAP net income of $14 million, or $0.14 per diluted share, for the second quarter of fiscal 2018. On a non-GAAP basis, net income for the second quarter of fiscal 2019 was $23... More