Cree Second Quarter Earnings Sneak Peek
Cree, Inc. (NASDAQ:CREE) will unveil its latest earnings tomorrow, Tuesday, January 22, 2013. Cree develops and manufactures semiconductor materials and devices mainly based on silicon carbide, gallium nitride, and related compounds.
Cree, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 22 cents per share, a rise of 46.7% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 20 cents during the last month. Analysts are projecting profit to rise by 46.8% versus last year to 91 cents.
Past Earnings Performance: Last quarter, the company saw profit of 18 cents per share versus a mean estimate of net income of 18 cents per share. This comes after two consecutive quarters of exceeding expectations.
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A Look Back: In the first quarter, profit rose 25.8% to $16.1 million (14 cents a share) from $12.8 million (11 cents a share) the year earlier, meeting analyst expectations. Revenue rose 17.4% to $315.8 million from $269 million.
Here’s how Cree traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: