Cree (CREE) Set to Announce Earnings on Monday
Cree (NASDAQ:CREE) will be releasing its earnings data after the market closes on Monday, January 22nd. Analysts expect Cree to post earnings of $0.01 per share for the quarter. Cree has set its Q2 guidance at ($0.01)-$0.04 EPS.
Cree (NASDAQ:CREE) last issued its quarterly earnings results on Tuesday, October 17th. The LED producer reported $0.04 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Cree had a negative return on equity of 0.44% and a negative net margin of 8.42%. The firm had revenue of $360.00 million for the quarter, compared to analyst estimates of $360.01 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The company’s revenue was down 3.0% compared to the same quarter last year. On average, analysts expect Cree to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Cree (NASDAQ:CREE) opened at $36.84 on Monday. Cree has a 12 month low of $20.50 and a 12 month high of $40.24. The company has a quick ratio of 3.61, a current ratio of 4.82 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $3,615.29, a P/E ratio of -30.20 and a beta of 1.26.
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Cree, Inc is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The Company’s products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems.
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