Cree Announces Fiscal 4Q19 and 2019 Financial Results with Increasing Wolfspeed Business - Energy Watch News


Cree Announces Fiscal 4Q19 and 2019 Financial Results with Increasing Wolfspeed Business

For fiscal 4Q19 which ends on June 30, 2019, Cree registered a revenue of US$251.2 million for its fourth quarter of fiscal 2019, down by 5% YoY and 8% QoQ. GAAP net loss from continuing operations for the fourth quarter was US$34.6 million, or US$0.33 per diluted share. On a non-GAAP basis, net income from continuing operations for the fourth quarter of fiscal 2019 was US$11.5 million, or US$0.11 per diluted share, compared to non-GAAP net income from continuing operations for the fourth quarter of fiscal 2018 of US$14.5 million, or US$0.14 per diluted share. For fiscal year 2019, Cree reported revenue of US$1.1 billion, which represents a 17% increase when compared to revenue of US$0.9 billion for fiscal 2018. On a non-GAAP basis, net income from continuing operations for fiscal year 2019 was US$76.9 million, or US$0.74 per diluted share, compared to US$36.9 million, or US$0.37 per diluted share, for fiscal 2018. https://www.ledinside.com/

Tagged with: , , ,
Posted in Industry News

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Featured Product


 

Featured Job