Cree announced 2017 fiscal year Q3 revenue of $342 million

CREE announced the 2017 fiscal year Q3 (Jie Zhisan check the end of the month) revenue of $342 million, compared with the same period last year fell 7%.

Cree quarter net loss of $99 million, or equivalent to a loss of $1.02 per share, much less than the same period last year net profit of $152 thousand, or earnings per share (EPS) $0.01. If the exclusion of abnormal items, net profit fell to $749 thousand from $17 million last year, EPS shrunk from $0.01 to $0.07, well below analysts' forecast of $.

Looking forward to this season, Cree estimated revenue will be between $3.4-3.6 billion, roughly in line with the analyst estimates of $349 million. In addition, Cree estimated EPS will be between $0.02-0.07.

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