=Cree (CREE) reported earnings on Tue 17 Oct 2017 (a/h)

Cree reports EPS in-line, revs in-line; guides Q2 EPS below consensus, revs below consensus

• Reports Q1 (Sep) earnings of $0.04 per share, excluding non-recurring items, in-linewith the Capital IQ Consensus of $0.04; revenues fell 3.0% year/year to $360 mln vs the $360.01 mln Capital IQ Consensus.
• Co issues downside guidance for Q2, sees EPS of ($0.01)-$0.04, excluding non-recurring items, vs. $0.07 Capital IQ Consensus Estimate; sees Q2 revs of $340-360 mln vs. $368.95 mln Capital IQ Consensus Estimate.