Cree, Inc. Reports Earnings Results for the Second Quarter Ended December 29, 2019
January 30, 2020 at 02:31 am IST
Cree, Inc. announced earnings results for the second quarter ended December 29, 2019. For the second quarter, the company announced sales was USD 239.9 million compared to USD 280.5 million a year ago. Operating loss was USD 56.4 million compared to operating Income of USD 10 million a year ago. Net loss was USD 52.8 million compared to USD 2.5 million a year ago. Basic loss per share from continuing operations was USD 0.49 compared to Basic EPS - Continuing Operations of USD 0 a year ago. Basic loss per share was USD 0.49 compared to USD 0.02 a year ago. For the half year, sales was USD 482.7 million compared to USD 554.7 million a year ago. Operating loss was USD 95.3 million compared to operating Income of USD 20.8 million a year ago. Net loss was USD 90.6 million compared to USD 13.6 million a year ago. Basic loss per share from continuing operations was USD 0.84 compared to USD 0.01 a year ago. Basic loss per share was USD 0.84 compared to USD 0.13 a year ago.