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Cree plunges after big preliminary FQ3 miss
2016-04-05 23:59:17| Semiconductors - Topix.net
Cree is is tumbling 17% in AH trading after cutting its FQ3 EPS and revenue view, as well as estimating a GAAP gross margin below its prior estimate of 29.7%. Chairman and CEO Chuck Swoboda: "The estimated revenue is below the Company's previously targeted range of $400 million to $430 million due to lower Lighting Products revenue.
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Category:Electronics and Electrical