Updated Oct. 23, 2013 at 4:23 p.m.

Premium Lock Cree shares plunge 20% after earnings report; 2 analysts cut rating

Published: 2013-10-22 16:14:00
Updated: 2013-10-23 16:23:03

Cree's $10 LED bulb      Cree's $10 LED bulb

Cree reports revenues of $391 million and earnings of 39 cents per share, both figures topping Wall Street analysts' expectations by a considerable margin. However, investors expected higher numbers for the current quarter. Shares opened sharply lower Wednesday, and two analysts cut their ratings on the stock....

Read More
Read More

WRAL TechWire any time: Twitter, Facebook

Copyright 2017 WRAL TechWire. All rights reserved.
Editor's Blog

Editor's Blog

The latest blog posts from our WRAL TechWire and WRAL editors. Read more articles…

Please Log In to add a comment.

Latest for Insiders