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Cree Inc. Q4 adjusted earnings Beat Estimates

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

-Earnings: -$147.6 million in Q4 vs. -$38.9 million in the same period last year.
-EPS: -$1.28 in Q4 vs. -$0.36 in the same period last year.
-Excluding items, Cree Inc. reported adjusted earnings of $26.9 million or -$0.23 per share for the period.
-Analysts projected -$0.24 per share
-Revenue: $145.8M in Q4 vs. $108.4 million in the same period last year.

-Guidance:
Next quarter EPS guidance: -$0.21 to -$0.25
Next quarter revenue guidance: $144-$154 mln

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