Cree (CREE) Reports Prelim. Q3 Results
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Cree Announces Preliminary Third Quarter Fiscal 2020 Results and Provides Business Update
April 2, 2020 4:05 PM EDTDURHAM, N.C.--(BUSINESS WIRE)-- Cree, Inc. (Nasdaq: CREE) today announced preliminary results for its third quarter of fiscal 2020 ended March 29, 2020 and provided a business update in light of the COVID-19 pandemic, which has had a greater impact than originally anticipated when the Company provided the third quarter outlook on January 29, 2020.
Revenue for the third quarter of fiscal 2020 is expected to be approximately $216 million, compared to $274 million in the third quarter of fiscal 2019 and $240 million in the second quarter of fiscal 2020. The Company expects GAAP net loss for the third quarter... More
