Cree misses by $0.02, beats on revs; guides Q3 EPS in-line, revs in-line (35.02 -1.67)
Reports Q2 (Dec) loss of $0.01 per share, excluding non-recurring items, $0.02 worse than the Capital IQ Consensus of $0.01; revenues fell 8.3% year/year to $367.87 mln vs the $349.62 mln Capital IQ Consensus.
Co issues in-line guidance for Q3, sees EPS of ($0.03)-$0.03, excluding non-recurring items, vs. $0.00 Capital IQ Consensus Estimate; sees Q3 revs of $335-355 mln vs. $340.73 mln Capital IQ Consensus Estimate.