=Cree reported 4Q earnings on Tue 19 Jan 2016 (a/h)

** charts before earnings **



** charts after earnings **

Cree beats by $0.06, reports revs in-line; guides Q3 EPS in-line, revs below consensus :

• Reports Q2 (Dec) earnings of $0.30 per share, $0.06 better than the Capital IQ Consensus of $0.24; revenues rose 5.5% year/year to $435.8 mln vs the $434.79 mln Capital IQ Consensus.
• Co issues guidance for Q3, sees EPS of $0.22-0.29 vs. $0.22 Capital IQ Consensus Estimate; sees Q3 revs of $400-430 mln vs. $431.19 mln Capital IQ Consensus Estimate; For Q3, non-GAAP gross margin targeted to be 31.7%+/-.
• Gross margin from Q1 of fiscal 2016 remained consistent at 31.0% on a GAAP basis and at 31.7% on a non-GAAP basis. "Our lighting business continues to grow, the LED business has stabilized, and our Wolfspeed Power & RF division continues to make progress."