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Cree, Inc. Issues Q1 2013 Guidance; Revenue Guidance Below Analysts' Estimates


Tuesday, 7 Aug 2012 04:00pm EDT 

Cree, Inc. announced that for the first quarter of 2013, it expects revenue in the range of $305 million to $325 million, GAAP net income in the range of $10 million to $16 million, or $0.09 to $0.14 per diluted share and Non-GAAP net income in the range of $27 million to $33 million, or $0.23 to $0.28 per diluted share (EPS). Targeted non-GAAP earnings exclude expenses related to the amortization of acquired intangibles and stock-based compensation expense of $0.14 per diluted share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $329 million, net income of $33 million and EPS of $0.28 for the first quarter of 2013. 

Company Quote

48.8
-0.12 -0.25%
1:46pm EDT