Tag Archives: Q1 earnings

Cree, Inc (CREE) 1st Quarter Profits Beat Wall Street Expectations

Cree posted its 1st quarter earnings yesterday, and while its profits dropped by more than half, it still beat Wall Street’s expectations. From MSN Money Central, here’s a quick breakdown of the stats:

  • Net Income: dropped to $5.0 million, or 7 cents per share. A year ago, the company made 15 cents per share.  However, if you factor out amortization expenses and expenses incurred by the company for stock-based compensation, the company would have earned
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