Cree Inc. (Nasdaq: CREE) - Cree Ups Q4 Outlook on Stronger-than-expected Orders; BeaconEquity.com Article
Stronger LED component and chip bookings push Cree to improve view; CEO expresses optimism in LED lighting's growth potential.
(EMAILWIRE.COM, May 27, 2009 ) DALLAS, Texas - BeaconEquity.com announces the publication of an article covering Cree Inc.’s (Nasdaq: CREE) fourth-quarter results and growth within the company’s LED lighting division.
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m
In the article the author writes:
“Cree Inc. recently announced an improved revenue and earnings outlook for its fourth quarter, attributed to stronger orders for both lighting and laptop LED products. The improved guidance came in even if demand from automobile, cell phone and other consumer industries had been disappointment.”
Cree’s fourth-quarter results top initial estimates, and revenue is forecast to be higher than expected:
“The Durham, N.C.-headquartered LED lighting company sees fourth-quarter earnings of 7 cents to 9 cents a share, or 15 cents to 17 cents a share adjusted. Revenue is expected at $143 million to $150 million, also higher than previously announced. … Analysts expect the company to post earnings of 9 cents a share on revenue of $139.2 million, according to data provided by FactSet Research.”
To read the entire article visit http://www.beaconequity.com/m
Join the fastest growing investor community at: http://www.stockhideout.com/
BeaconEquity.com’s market news is one of the fastest growing small-cap blogs in the investment community. Beacon is the authority on research in the small-cap sector, and our analysts strive each day to find the stocks poised to be the biggest movers before the rest of the market is aware of them.
We encourage investors to subscribe to our FREE newsletter filled with daily trading ideas.
BeaconEquity.com is one of the industry’s largest small cap research providers. Beacon strives to provide a balanced view of many promising small cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the publicly available information available on them. For more information on Beacon Research, please visit: http://www.beaconequity.com/m
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. BeaconEquity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m
In the article the author writes:
“Cree Inc. recently announced an improved revenue and earnings outlook for its fourth quarter, attributed to stronger orders for both lighting and laptop LED products. The improved guidance came in even if demand from automobile, cell phone and other consumer industries had been disappointment.”
Cree’s fourth-quarter results top initial estimates, and revenue is forecast to be higher than expected:
“The Durham, N.C.-headquartered LED lighting company sees fourth-quarter earnings of 7 cents to 9 cents a share, or 15 cents to 17 cents a share adjusted. Revenue is expected at $143 million to $150 million, also higher than previously announced. … Analysts expect the company to post earnings of 9 cents a share on revenue of $139.2 million, according to data provided by FactSet Research.”
To read the entire article visit http://www.beaconequity.com/m
Join the fastest growing investor community at: http://www.stockhideout.com/
BeaconEquity.com’s market news is one of the fastest growing small-cap blogs in the investment community. Beacon is the authority on research in the small-cap sector, and our analysts strive each day to find the stocks poised to be the biggest movers before the rest of the market is aware of them.
We encourage investors to subscribe to our FREE newsletter filled with daily trading ideas.
BeaconEquity.com is one of the industry’s largest small cap research providers. Beacon strives to provide a balanced view of many promising small cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the publicly available information available on them. For more information on Beacon Research, please visit: http://www.beaconequity.com/m
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. BeaconEquity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
Contact Information:
Beacon Equity
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Beacon Equity
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
|
Private Equity, Angel Investing
Equity Alliance / Private Equity, Angel Investing, / IPO, Venture Capital & IR services / Equity Alliance International Equityallianceir.com Penny Stocks to Watch Sign up for hot penny stock picks Gains of 500%+ possible! Premiumstockpicks.com/landing/ Your text Ads & PR Text Ads plus unlimited press releases, One release featured/Day for only $575 per month. Read more on Text Ads & PR Your text Ads Here! Text Ads are only $289 per month. Ads are placed same day. More on Text Ads Advertising |