Cree announces 2009 fiscal year first quarter earnings

The light emitting diode (LED) chip maker CREE upstream in October 21, 2008 2009 announced late in the first quarter of fiscal year (7-9 months) results: the industry earnings more than $0.15, higher than the Thomson Reuters survey of 0.11 U.S. dollars; revenue increased 23.8% to $140 million 400 thousand, better than market expectations of $139 million 600 thousand; gross margin rose 31% from the same period last year to 35%.

Prospects this season (10-12 months), Cree industry expected earnings per share would be between $0.15-0.16, revenue forecast will be between 14.2-14.6 billion dollars. According to the Thomson Reuters survey, analysts on average expected earnings per share this month Cree 10-12 / $0.11 in revenue /1.4649 billion dollars.

Source: Lean news