=Cree (CREE) reported earnings on Wed 25 Apr 2018 (b/o)

Cree beats by $0.04, beats on revs; guides JunQ EPS in-line, revs above consensus 

• Reports Q3 (Mar) earnings of $0.04 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of ($0.00); revenues rose 4.2% year/year to $355.96 mln vs the $347.38 mln Capital IQ Consensus.
• Co issues guidancefor Q4 (Jun), sees EPS of $0.05-0.09, excluding non-recurring items, vs. $0.07 Capital IQ Consensus Estimate; sees Q4 revs of $390-410 mln vs. $377.47 mln Capital IQ Consensus Estimate.