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Cree Inc Issues Q2 2014 Guidance; Earnings Guidance Below Analysts' Estimates


Tuesday, 22 Oct 2013 04:01pm EDT 

Cree Inc announced that for the second quarter of 2014, it expects revenue in a range of $400 million to $420 million, GAAP net income is targeted at $26 million to $32 million, or $0.21 to $0.26 per diluted share and Non-GAAP net income is targeted in a range of $44 million to $50 million, or $0.36 to $0.41 per diluted share (EPS). According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $414 million, net income of $ 52 million and EPS of $0.44 for the second quarter of 2014. 

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