Tuesday, August 10, 2010

Stock Market Earnings Report CREE Reports Q4 Earning Beat

Reports Q4 (Jun) earnings of $0.55 per share, $0.04 better than the Thomson Reuters consensus of $0.51; revenues rose 78.7% year/year to $264.6 mln vs the $264 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.56-0.59 vs. $0.54 Thomson Reuters consensus; sees Q1 revs of $270-280 mln vs. $283.96 mln Thomson Reuters consensus.

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