Cree stock falls after revenue miss, weak guidance

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Cree stock falls after revenue miss, weak guidance
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Cree Inc. shares fell more than 6% in the extended session Wednesday after the company delivered revenue below consensus estimates but beat earnings...

Cree Inc. CREE, -1.98% shares fell more than 6% in the extended session Wednesday after the company delivered revenue below consensus estimates but beat earnings expectations. The company reported fiscal third-quarter net losses of $227.9 million, or 22 cents a share, compared with losses of $240.6 million, or 10 cents a share, in the year-ago period.

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