Updated Oct. 19, 2016 at 6:18 a.m.

Premium Lock Cree Q2 forecast misses estimates, stock falls

Published: 2016-10-19 06:16:02
Updated: 2016-10-19 06:18:08

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Tags: Cree

Cree Inc. shares dropped 9 percent in the extended session Tuesday following Cree's updated forecast of adjusted earnings of 4 cents to 10 cents for the second quarter on revenue of $310-330 million, while analysts expected 16 cents and $336 million, though the firm beat Q1 earnings estimates....

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