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Cree Inc. Q1 Guidance Weak

Stock Researching
Publish date: Wed, 14 Aug 2013, 08:30 AM
Stock Researching
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From Liston Street Pulse:

Shares of Cree Inc. (CREE) slumped nearly 15.75% in afterhours trading on Tuesday after the semiconductor company handed weaker-than-expected revenue for the fiscal fourth quarter and provided downbeat guidance for the current quarter. For the latest period, the Durham, NC based company posted adjusted earnings of 38 cents a share, which was in-line with expectation. […]

The post Cree Inc. Q1 Guidance Weak appeared first on Liston Street Pulse.

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