Benzinga | Jan 27, 2021 04:01PM EST

Cree Q2 Adj. EPS $(0.24) Beats $(0.25) Estimate, Sales $127.00M Beat $121.50M Estimate

Cree (NASDAQ:CREE) reported quarterly losses of $(0.24) per share which beat the analyst consensus estimate of $(0.25) by 4 percent. This is a 140 percent decrease over losses of $(0.10) per share from the same period last year. The company reported quarterly sales of $127.00 million which beat the analyst consensus estimate of $121.50 million by 4.53 percent. This is a 47.06 percent decrease over sales of $239.90 million the same period last year.