Shares of Cree CREE decreased 2.62% in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were down 533.33% over the past year to ($0.19), which beat the estimate of ($0.21).
Revenue of $216,600,000 decreased by 10.79% from the same period last year, which beat the estimate of $209,880,000.
Looking Ahead
Cree Sees Q2 EPS $(0.27)-$(0.23) Vs. $(0.18) Est.
Conference Call Details
Date: Oct 28, 2020
Time: 05:00 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/cqa9zsxn
Recent Stock Performance
Company's 52-week high was at $77.19
52-week low: $27.77
Price action over last quarter: Up 4.60%
Company Overview
Cree Inc is a United States-based company which is involved in the manufacturing of wide bandgap semiconductor products for power and radio-frequency (RF) applications, lighting-class light-emitting diode (LED) products, and lighting products. It operates in two reportable segments: Wolfspeed and LED products. The Wolfspeed segment's products consist of silicon carbide and gallium nitride materials, power devices and RF devices based on silicon and wide bandgap semiconductor materials. The LED products segment, which is the key revenue driver, consist of LED chips and LED components. Geographically, the company conducts business in the United States, China, Europe, and other areas.
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