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Cree Inc. Q2 adjusted earnings Beat Estimates

Below are the earnings highlights for Cree Inc. (CREE):

-Earnings: -$2.48 million in Q2 vs. $13.75 million in the same period last year.
-EPS: -$0.02 in Q2 vs. $0.14 in the same period last year.
-Excluding items, Cree Inc. reported adjusted earnings of $23.17 million or $0.23 per share for the period.
-Analysts projected $0.17 per share
-Revenue: $413.04 million in Q2 vs. $367.87 million in the same period last year.

-Guidance:
Next quarter EPS guidance: $0.13 - $0.19
Next quarter revenue guidance: $385 - $405 Mln

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