Cree’s Stock Price Soars On Strong Q4’16 Results, But Fierce Competition In LEDs To Prevail In 2017

Cree reported its fiscal Q2 2017 earnings on January 24th. The company’s revenues from continuing operations and its bottom-line decreased by 12% and 7%, respectively. However, these metrics came in above the consensus estimates and Cree’s previously guided range for the quarter.

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