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Cree Inc Issues Q4 2013 Guidance In Line With Analysts' Estimates

Tuesday, 23 Apr 2013 04:01pm EDT 

Cree Inc announced that for fourth quarter of 2013, it expects revenue in a range of $365 million to $385 million. GAAP net income is targeted at $25 million to $31 million, or $0.20 to $0.26 per diluted share. Non-GAAP net income is targeted in a range of $41 million to $47 million, or $0.34 to $0.40 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $366 million, net income of $44 million and EPS of $0.36 for fourth quarter of 2013. 

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