Cree (CREE) Tops Q3 EPS by 4c; Guides Q1 Below

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Go back to Cree (CREE) Tops Q3 EPS by 4c; Guides Q1 Below

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

May 1, 2019 4:01 PM EDT

DURHAM, N.C.--(BUSINESS WIRE)-- Cree, Inc. (Nasdaq: CREE) today announced financial results for its third quarter of fiscal 2019, ended March31, 2019. Revenue from continuing operations for the third quarter of fiscal 2019 was $274 million, which represents a 22% increase compared to revenue from continuing operations of $225 million for the third quarter of fiscal 2018. GAAP net loss from continuing operations for the third quarter of fiscal 2019 was $22 million, or $0.22 per diluted share. This compares to a GAAP net loss from continuing operations of $10 million, or $0.10 per diluted share for the third quarter of fiscal 2018. On... More