Key Developments: Cree Inc (CREE.O)

CREE.O on Nasdaq

35.36USD
30 Jan 2015
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Latest Key Developments (Source: Significant Developments)

Cree Inc gives FY 2014 revenue outlook in line with analysts' estimates - Conference Call
Wednesday, 21 May 2014 10:00am EDT 

Cree Inc:Says guidance to be roughly about a $1.7 billion revenue for FY 2014.FY 2014 revenue of $1.7 billion - Thomson Reuters I/B/E/S.  Full Article

Cree Inc gives Q4 2014 outlook in line with analysts' estimates-Conference Call
Tuesday, 22 Apr 2014 05:00am EDT 

Cree Inc:Sees Q4 2014 revenue to increase to a range of $430 to $460 million.GAAP net income to be between $28 to $36 million.GAAP EPS to be between $0.23 to $0.29 per diluted share.Non-GAAP net income to be between $47 million to $55 million, or $0.38 to $0.44 per diluted share.Non-GAAP EPS targets excludes amortization of acquired intangibles and non cash stock-based compensation in the amount of $0.15 per share.Q4 2014 revenue of $443 mln, net income of $51.44 mln and EPS of $0.42 - Thomson Reuters I/B/E/S.  Full Article

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.  Full Article

Cree Inc announces auditor change - Form 8-K
Monday, 2 Dec 2013 05:18pm EST 

Cree Inc:Says on Nov. 25, the audit committee approved the engagement of PricewaterhouseCoopers LLP as the company’s independent registered public accountant.Says this action effectively dismissed Ernst & Young LLP as the company’s principal independent registered public accountant as of Nov. 25.  Full Article

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.  Full Article

Cree Inc Issues Q1 2014 Guidance; Earnings Guidance Below Analysts' Estimates
Tuesday, 13 Aug 2013 04:01pm EDT 

Cree Inc announced that for the first quarter of 2014, Cree targets revenue in a range of $380 million to $400 million. GAAP net income is targeted at $28 million to $34 million, or $0.23 to $0.28 per diluted share. Non-GAAP net income is targeted in a range of $44 million to $50 million, or $0.36 to $0.41 per diluted share. The GAAP and non-GAAP net income targets are based on an estimated 122.4 million diluted weighted average shares. Targeted non-GAAP earnings exclude expenses related to the amortization of acquired intangibles and stock-based compensation expense of $0.13 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $398 million, net income of $51 million and EPS of $0.43 for first quarter of 2014.  Full Article

Cree Inc Issues Q4 2013 Guidance In Line With Analysts' Estimates
Tuesday, 23 Apr 2013 04:01pm EDT 

Cree Inc announced that for fourth quarter of 2013, it expects revenue in a range of $365 million to $385 million. GAAP net income is targeted at $25 million to $31 million, or $0.20 to $0.26 per diluted share. Non-GAAP net income is targeted in a range of $41 million to $47 million, or $0.34 to $0.40 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $366 million, net income of $44 million and EPS of $0.36 for fourth quarter of 2013.  Full Article

Weak LED component business weighs on Cree forecast

- Cree Inc , a maker of light-emitting diodes, forecast current-quarter revenue and adjusted profit below analysts' expectations, hurt by continued weakness in its LED component business.

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