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Cree Inc gives Q3 2014 guidance; EPS guidance below analysts' estimates


Tuesday, 21 Jan 2014 04:01pm EST 

Cree Inc:Sees Q3 2014 revenue in a range of $390 million to $420 million.GAAP net income at $24 million to $32 million, or $0.19 to $0.26 per diluted share.Non-GAAP net income in a range of $42 million to $51 million, or $0.34 to $0.41 per diluted share.The GAAP and non-GAAP net income per diluted share targets are based on an estimated 123.5 million diluted weighted average shares.Targeted non-GAAP earnings exclude expenses related to the amortization of acquired intangibles and stock-based compensation expense of $0.15 per diluted share.Q3 2014 revenue of $413 mln, Net income of $46.54 mln and EPS of $0.32 - Thomson Reuters I/B/E/S. 

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