Cree, Inc. (NASDAQ:CREE) provider of lighting-class LED and semi-conductor products, is expected to report fourth quarter earnings results, after market close, on Tuesday 18th August 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter loss of $ 0.19 per share.
Looking ahead, the full year loss are expected at $ 0.53 per share on the revenues of $ 896.78 million.
The Company Outlook
Revenue for 4Q20 are expected in a range of $ 185.00 million ~ $ 215.00 million
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Previous Quarter Performance
Cree, Inc. outlined loss for the third quarter of $ 0.14 per share, from the revenue of $ 215.50 million. The quarterly earnings grew 19.12 percent compared with the same quarter last year. Street analysts expected Cree, Inc. to report loss of $ 0.15 per share on revenue of $ 222.75 million for the third quarter. The bottom line results beat street analysts by $ 0.01 or 6.67 percent, at the same time, top line results fell short of analysts by $ 7.25 million or 3.25 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CREE was $ 72.38, representing a 160.64 % increase from the 52 week low of $ 27.77 and a 3.13 % decrease over the 52 week high of $ 74.72.
The company has a market capital of $ 7.83 billion and is part of the Technology sector and Semiconductors industry.
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Conference Call
Cree, Inc. will be hosting a conference call at 5:00 PM eastern time on 18th August 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cree.com
Cree, Inc. provides lighting-class light emitting diode (LED) and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, and internationally. It operates in two segments, Wolfspeed and LED Products.
