Cree beats by $0.01, reports revs in-line; guides Q2 EPS below consensus, revs in-line Reports Q1 (Sep) earnings of $0.39 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus Estimate of $0.38; revenues rose 23.8% year/year to $391 mln vs the $392.18 mln consensus; adj. GM +170 bps YoY to 39.2%
Co issues guidance for Q2, sees EPS of $0.36-0.41, excluding non-recurring items, vs. $0.43 Capital IQ Consensus Estimate; sees Q2 revs of $400-420 mln vs. $414.32 mln Capital IQ Consensus Estimate.