BeaconEquity.com announces the publication of an article covering Cree Inc.’s (Nasdaq: CREE) fourth-quarter results and growth within the company’s LED lighting division.
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m
In the article the author writes:
“Cree Inc. recently announced an improved revenue and earnings outlook for its fourth quarter, attributed to stronger orders for both lighting and laptop LED products. The improved guidance came in even if demand from automobile, cell phone and other consumer industries had been disappointment.”
Cree’s fourth-quarter results top initial estimates, and revenue is forecast to be higher than expected:
“The Durham, N.C.-headquartered LED lighting company sees fourth-quarter earnings of 7 cents to 9 cents a share, or 15 cents to 17 cents a share adjusted. Revenue is expected at $143 million to $150 million, also higher than previously announced. … Analysts expect the company to post earnings of 9 cents a share on revenue of $139.2 million, according to data provided by FactSet Research.”
To read the entire article visit http://www.beaconequity.com/m
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Source: BeaconEquity.com
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