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Cree Forecasts Dim Third Quarter; Cramer Says GE Is Taking Share

2016-04-06 18:20:34| Semiconductors - Topix.net

Lighting manufacturer Cree 's reduced sales guidance for its fical third quarter is causing many on Wall Street to sell their shares. The Durham, N.C.-based manufacturer of light-emitting-diode devices told analysts in a postmarket call Tuesday that its quarterly sales will clock in at $367 million, down from previous estimates of $400 million.

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Category:Electronics and Electrical

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