Cree Still Looking To Lower LED Costs, Stock Falls

By | August 13, 2014

Scalper1 News

Cree stock fell Wednesday after the LED company guided revenue for the current quarter below Wall Street views, while Q4 revenue also fell short. Cree (CREE) stock was down nearly 9%, near 45, in afternoon trading in the stock market today . The Durham, N.C.-based company, which makes LED lighting and semiconductor products for power and radio-frequency applications, said late Tuesday that its earnings per share ex items for fiscal Q4 rose 10.5% Scalper1 News

Scalper1 News