CREE announced 2017 fiscal year Q3 (as of the end of March) revenue of $ 342 million, down 7% over the same period last year.
Cree's net loss of $ 99 million, or $ 1.02 per share, was not as good as $ 152,000 in the same period last year or $ 0.01 per share (EPS). Excluding non-state items, net profit shrank from $ 17 million last year to $ 749,000, EPS shrank from $ 0.17 to $ 0.01, well below analysts' estimate of $ 0.07.
Looking forward to this season, Cree estimated revenue will be between 3.4-3.6 billion US dollars, roughly in line with analysts estimated 349 million US dollars. In addition, Cree estimates EPS will be