For Cree last quarter proved unprofitable

Cree, recently presented the family of arrays of LEDs Cree XLamp CMA, published a report for the first quarter of 2018 financial year, which it ended on September 24.

A reputed manufacturer of LEDs and RF semiconductor products for the three months received 360 million dollars in revenue. This was 3% less than in the first quarter of the 2017 financial year, when the Cree income amounted to 371 million dollars. In comparison with the preceding quarter revenue increased slightly. However, the last quarter was unprofitable for Cree. The net loss amounted to $ 20 million. For comparison, last quarter the company managed to 566 million dollars of net profit.

In the current quarter, the company expects income of $ 340-360 million, while forecasting a loss of $ 25-31 million dollars.


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