Cree, Inc. Reports Unaudited Consolidated Impairment Charges for the Three Months Ended December 29, 2019; Provides Impairment Guidance for the Three Months Ending March 29, 2020
January 30, 2020 at 02:33 am IST
Cree, Inc. reports unaudited consolidated Impairment Charges for the three months ended December 29, 2019. For the period, the company reported amortization or impairment of acquisition-related intangibles of USD 3.6 million against USD 3.9 million a year ago. Loss on disposal or impairment of other assets is USD 0.8 million.
For the period, the company estimates amortization or impairment of acquisition-related intangibles of USD 4 million.