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Cree Inc (CREE.OQ)

CREE.OQ on NASDAQ Stock Exchange Global Select Market

34.18USD
19 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Cree reports Q1 non-GAAP earnings per share $0.04
Tuesday, 17 Oct 2017 04:01pm EDT 

Oct 17 (Reuters) - Cree Inc :Cree reports financial results for the first quarter of fiscal year 2018.Q1 non-GAAP earnings per share $0.04.Q1 GAAP loss per share $0.20.Q1 revenue $360 million versus I/B/E/S view $359.7 million.Q1 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.Sees Q2 2018 GAAP loss per share $0.25 to $0.31.Sees Q2 2018 revenue $340 million to $360 million.Cree Inc sees ‍Q2 non-GAAP net income is targeted to be in range $0.01 loss per diluted share to $0.04 earnings per diluted share​.Q2 earnings per share view $0.07, revenue view $368.0 million -- Thomson Reuters I/B/E/S.Cree Inc sees Q2 fiscal 2018 GAAP net loss per diluted share of​ ‍$0.25 to $0.31.  Full Article

Cree reports Q4 non-GAAP earnings per share $0.04
Tuesday, 22 Aug 2017 04:01pm EDT 

Aug 22 (Reuters) - Cree Inc :Cree reports financial results for the fourth quarter and fiscal year 2017.Q4 non-GAAP earnings per share $0.04.Q4 GAAP loss per share $0.06.Q4 revenue $359 million versus I/B/E/S view $349.9 million.Q4 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.Sees Q1 2018 non-GAAP earnings per share $0.02 to $0.06.Sees Q1 2018 GAAP loss per share $0.20 to $0.25.Sees Q1 2018 revenue $353 million to $367 million.Q1 earnings per share view $0.10, revenue view $360.1 million -- Thomson Reuters I/B/E/S.  Full Article

Light Polymers says signed patent license agreement with Cree
Tuesday, 15 Aug 2017 11:00am EDT 

Aug 15 (Reuters) - Light Polymers: :Light Polymers and Cree, Inc. sign patent license agreement.Agreement will allow co to apply their proprietary nanochemistry to manufacture luminaires with special photonic films ​.  Full Article

Cree and Emson settle patent dispute and reach supply agreement
Tuesday, 1 Aug 2017 09:00am EDT 

Aug 1 (Reuters) - Cree Inc :Cree and Emson settle patent dispute and reach supply agreement.Has reached a confidential settlement in its patent infringement lawsuit with E. Mishan and Sons.Cree Inc - ‍Emson agreed to an exclusive supply agreement to purchase Cree high power LEDS for its flashlights​.  Full Article

Cree reports ceo succession plan
Friday, 19 May 2017 09:09am EDT 

May 19 (Reuters) - Cree Inc ::Cree announces ceo succession plan.Cree - company reaffirms guidance for fourth fiscal quarter of 2017.Cree says chairman and ceo Chuck Swoboda to step down upon appointment of his successor.Cree - chairman and CEO Chuck Swoboda to step down upon appointment of his successor.Cree - Swoboda intends to stay on until a successor is appointed.Cree inc - both internal and external candidates will be considered for CEO.Q4 earnings per share view $0.04, revenue view $349.9 million -- Thomson Reuters I/B/E/S.Cree Inc - board of directors will retain an executive search firm to identify a successor.  Full Article

Cree reports Q3 GAAP loss per share $1.02
Tuesday, 25 Apr 2017 04:02pm EDT 

April 25 (Reuters) - Cree Inc :Cree reports financial results for the third quarter of fiscal year 2017.Q3 non-GAAP earnings per share $0.01.Q3 GAAP loss per share $1.02.Q3 revenue $342 million versus I/B/E/S view $356.3 million.Q3 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.Sees Q4 2017 loss per share $0.16 to $0.23.Sees Q4 2017 revenue $340 million to $360 million.Cree Inc - Q4 2017 non-GAAP net income is targeted in a range of $2 million to $7 million, or $0.02 to $0.07 per diluted share.Q4 earnings per share view $0.13, revenue view $379.9 million -- Thomson Reuters I/B/E/S.  Full Article

Cree announces patent license agreement with Ledvance
Wednesday, 22 Mar 2017 09:00am EDT 

Cree Inc : Cree announces patent license agreement with Ledvance . Cree Inc- in exchange, Ledvance will receive a license to Cree's extensive portfolio of patents related to led light bulbs and LED luminaires .As per agreement, Cree will receive ongoing royalty payments and a royalty-free license to Ledvance's patent portfolio.  Full Article

Cree Inc says will be reintegrating Wolfspeed business into Cree
Wednesday, 22 Feb 2017 04:08pm EST 

Cree Inc : Cree Inc says will be reintegrating Wolfspeed business into Cree . Cree says will be eliminating Wolfspeed executive-level positions created in connection with originally planned initial public offering of Wolfspeed .Cree says Franco Plastina, Cree's executive vice president - Power and RF, and CEO of Wolfspeed business unit, has stepped down from those positions.  Full Article

Cree announces termination of Wolfspeed and Infineon sale transaction
Thursday, 16 Feb 2017 04:30pm EST 

Cree Inc : Cree announces termination of Wolfspeed and Infineon sale transaction . Cree Inc - wolfspeed to be reintegrated into cree . Cree Inc says termination of this transaction with infineon will trigger a termination fee of $12.5 million being paid to cree . Cree Inc - termination of this transaction with infineon will trigger a termination fee of $12.5 million being paid to Cree . Cree Inc - Cree and Infineon have been unable to identify alternatives which would address national security concerns of CFIUS .Cree Inc - Wolfspeed will now be reported as a separate segment of cree's continuing operations.  Full Article

Infineon says sees limited effect of Brexit on business
Thursday, 16 Feb 2017 06:50am EST 

Infineon : Ceo says sees extreme low probability that wolfpseed deal will succeed . C ceo says in talks with cfius about wolfspeed deal, can not give further details . Ceo says does not see immediate effect of tax plans of trump administration . Cfo says will appeal eu cartel decision at european court . Board member says it is not likely it can save wolfspeed deal with remedies . Management board member says will continue to participate in chip sector consolidation . Management board member says sees limited effect of brexit Further company coverage: [IFXGn.DE] (Frankfurt newsroom) ((+49 69 7565 1270; Reuters Messaging: frankfurt.newsroom@thomsonreuters.net)).  Full Article

BRIEF-Cree reports Q1 non-GAAP earnings per share $0.04

* Cree reports financial results for the first quarter of fiscal year 2018