Cree, Inc. (NASDAQ:CREE) is reporting first quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, CREE is expected to report 1Q21 loss of $ 0.21 per share from revenue of $ 209.88 million.
For the full year, analysts anticipate top line of $ 906.21 million, while looking forward to loss of $ 0.57 per share bottom line.
The Company Outlook
Earnings for 1Q21 are anticipated in a range of $ -0.24 ~ $ -0.20 per share, while revenues are expected in a range of $ 203.00 million ~ $ 217.00 million
Click Here For More Historical Outlooks Of Cree, Inc.
Previous Quarter Performance
Cree, Inc. reported loss for the fourth quarter of $ 0.18 per share, from the revenue of $ 205.70 million. The quarterly revenues declined 18.11 percent compared with the same quarter last year. Street analysts expected Cree, Inc. to report loss of $ 0.19 per share on revenue of $ 198.70 million for the fourth quarter. The bottom line results beat street analysts by $ 0.01 or 5.26 percent, at the same time, top line results outshined analysts by $ 7.00 million or 3.52 percent.
Stock Performance
Shares of Cree, Inc. traded low $ -3.19 or -4.48 percent on Tuesday, reaching $ 68.00 with volume of 1.22 million shares. Cree, Inc. has traded high as $ 71.38 and has cracked $ 67.92 on the downward trend
According to the previous trading day, closing price of $ 68.00, representing a 156.36 % increase from the 52 week low of $ 27.77 and a 7.77 % decrease over the 52 week high of $ 77.19.
The company has a market capital of $ 7.46 billion and is part of the Technology sector and Semiconductors industry.
Conference Call
Cree, Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cree.com
Cree, Inc. provides lighting-class light emitting diode (LED) and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, and internationally. It operates in two segments, Wolfspeed and LED Products.
