CREE 2014 Q4 results released

CREE20 in stocks announced after the close of the second quarter of fiscal year 2015 (2014 10-12 months) earnings: revenue reduction from 0.5% to 413 million 200 thousand U.S. dollars; the industry gross margin of 33.9%, lower than the same period last year 38.2%; industry battalion increase rate of 8.2%, lower than the same period last year 14%; its earnings per share of $0.33, lower than the same period last year. 0.46 dollars.

Prospects this season (1-3 months), Cree estimated revenue will be between 3.95-4.15 billion dollars (median 405 million dollars), industry gross margin will reach about 33.5%, the industry will reach $0.21-0.25 earnings per share.

Cree chairman and chief executive officer Chuck Swoboda said that the cause of the lighting industry to improve the margin, making the Q2 profit margins higher than the company's original target. He said that the LED lighting market is still in the early stages of development, but Cree's product portfolio is quite strong, sales momentum is also warming up, brand awareness has gradually pulled.

Philadelphia semiconductor Cree 20 index rose 4.66%, with $32.34, the highest since December 24, 2014 closing high, or more in Philadelphia 30 to split crown; Yang continued 6.99% to $34.60 after hours.

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