Cree (CREE) Misses Q2 EPS by 1c; Guides Below Views
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Cree Reports Financial Results for the Second Quarter of Fiscal Year 2020
January 29, 2020 4:01 PM ESTDURHAM, N.C.--(BUSINESS WIRE)-- Cree, Inc. (Nasdaq: CREE) today announced revenue of $239.9 million for its second quarter of fiscal 2020, ended December 29, 2019. This represents a 14% decrease compared to revenue of $280.5 million reported for the second quarter of fiscal 2019, and a 1% decrease compared to the first quarter of fiscal 2020. GAAP net loss from continuing operations attributable to controlling interest for the second quarter was $52.8 million, or $0.49 per diluted share, compared to GAAP net loss from continuing operations attributable to controlling interest of $0.2 million, or $0.00 per diluted share, for the second quarter of... More
