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Cree Inc (CREE.OQ)

CREE.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

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

Infineon CEO says expects to close Wolfspeed acquisition any time soon
Thursday, 2 Feb 2017 04:20am EST 

Infineon : CEO says expects to close wolfspeed acquisition any time soon Further company coverage: [IFXGn.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Cree recalls LED T8 lamps due to burn hazard
Thursday, 25 Aug 2016 02:30pm EDT 

Cree Inc : Cree recalls led T8 lamps due to burn hazard; includes T8 lamps provided as replacements in previous recall . Cree's LED T8 lamps recall includes about 104,000 units in U.S. (in addition, 8,500 were sold in Canada) .Cree has received 12 reports of recalled lamps overheating and melting; no injuries have been reported.  Full Article

Cree reports Q4 GAAP loss per share $0.11
Tuesday, 16 Aug 2016 04:01pm EDT 

Cree Inc : Cree reports financial results for the fourth quarter and fiscal year 2016 . Q4 GAAP loss per share $0.11 . Q4 earnings per share view $0.20 -- Thomson Reuters I/B/E/S . Sees Q1 2017 GAAP earnings per share $0.05 to $0.06 . Q4 non-GAAP earnings per share $0.19 . Q4 revenue $388 million versus I/B/E/S view $385.8 million . Sees Q1 2017 GAAP earnings per share $0.02 to $0.03 from continuing operations . Sees Q1 2017 non-GAAP earnings per share $0.06 to $0.11 from continuing operations . Sees Q1 2017 revenue $356 million to $378 million . Sees Q1 2017 non-GAAP earnings per share $0.10 to $0.16 .Q1 earnings per share view $0.22, revenue view $397.6 million -- Thomson Reuters I/B/E/S.  Full Article

Cree receives favorable decision in US International Trade Commission case against Feit Electric and Unity
Tuesday, 2 Aug 2016 09:00am EDT 

Cree Inc :Receives favorable decision in u.s. International trade commission case against feit electric co, its asian supplier, unity opto technology.  Full Article

Wolfspeed has better operating margins than Infineon CFO says
Thursday, 14 Jul 2016 06:45am EDT 

Infineon : Cfo says wolfspeed business has better operating margins than infineon at the moment . Ceo says wolfspeed has gross margin of 55 percent and will grow by average 20 percent annually until 2020 . Cfo says there is positive booking trend at wolfspeed Further company coverage: [IFXGn.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

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BRIEF-Cree reports Q3 GAAP loss per share $1.02

* Cree reports financial results for the third quarter of fiscal year 2017