Benzinga | Oct 28, 2020 04:03PM EDT

Cree Q1 EPS $(0.19) Beats $(0.21) Estimate, Sales $216.60M Beat $209.88M Estimate

Cree (NASDAQ:CREE) reported quarterly losses of $(0.19) per share which beat the analyst consensus estimate of $(0.21) by 9.52 percent. This is a 533.33 percent decrease over losses of $(0.03) per share from the same period last year. The company reported quarterly sales of $216.60 million which beat the analyst consensus estimate of $209.88 million by 3.20 percent. This is a 10.79 percent decrease over sales of $242.80 million the same period last year.