Cree, Inc. CREE cut fourth-quarter earnings per share guidance from 12-16 cents to 8-12 cents, compared to a 21 cent analyst estimate.
Cree also cut sales guidance from $263 million-$271 million to $245 million-$252 million, compared to a $282.35 million estimate.
Cree traded down 4 percent at $57 per share in Tuesday's pre-market session.
Related Links:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in