Tuesday, January 20, 2009

Lighting: Cree FY Q2 Revs, EPS Top Street Estimates

It was almost twelve years ago that the world's only communist stockbroker told me "They've got Blue". Then he said something about Nicarauga or something. I managed to avoid the period of the Securities Class Action only to do a '99-'01 up-the-mountain-chart-and-down-and-out. It appears they are doing just fine without me. From Tech Trader Daily:
Cree Inc. (CREE) this afternoon posted revenue for its fiscal second quarter ended December 28 of $147.6 million, ahead of the Street consensus of $141.4 million. The company, which makes LED lighting products, said revenues included $5.6 million in patent licensing fees not factored into its previously announced targets. Profits for the quarter on a non-GAAP basis were 14 cents a share, beating the Street at 9 cents....MORE