Cree (CREE) Tops Q4 EPS by 1c, Offers Q1 Guidance

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Go back to Cree (CREE) Tops Q4 EPS by 1c, Offers Q1 Guidance

Cree Reports Financial Results for the Fourth Quarter of Fiscal Year 2021

August 17, 2021 4:01 PM EDT

DURHAM, N.C.--(BUSINESS WIRE)-- Cree, Inc. (Nasdaq: CREE) today announced revenue from continuing operations of $145.8 million for its fourth quarter of fiscal 2021, ended June 27, 2021. This represents a 35% increase compared to revenue from continuing operations of $108.4 million reported for the fourth quarter of fiscal 2020, and a 6% increase compared to the third quarter of fiscal 2021. GAAP net loss from continuing operations for the fourth quarter of fiscal 2021 was $145.2 million, or $1.26 per diluted share, compared to GAAP net loss from continuing operations of $44.2 million, or $0.41 per diluted share, for the fourth quarter of... More