Light-emitting diode (LED) manufacturing giant,Cree, Inc. fell 9.10 percent to close at $ 61.06 on Jsn 13th , the new lowest since Dec 24th last year.theflyonthewall, benzinga reported , Stifel JeffreyOsborne13 Securities analyst issued a research report , Cree shares have jumped so far this year to about 7.5 percent , far better than the performance of the S & P 500 Index -0.3 % , mainly thanks to the United States this year to disable 60 watts incandescent , LED outdoor lighting and street lighting manufacturers AcuityBrands, Inc. 's LED product sales doubled the grant .However , Osborne believes that the outdoor lighting industry into the off-season , Chinese New Year will be the session , HomeDepot bulb pathway to increase the proportion of such factors view , Cree season ( January to March ) earnings per share of fear (EPS) will be negative impact , as the market had expected $ 0.40 .For these reasons , Osborne will Cree 's investment rating from " buy ," citing " wait and see ."Cree had forecast last October 22 , 10- December revenue of $ 4.00-4.20 billion ( median $ 410 million , equivalent to quarter by 4.9% ) , the industry estimated to reach 0.36 earnings per share USD -0.41 ( median $ 0.385 ) . Cree scheduled Jan. 21 announced October-December earnings. |
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Cree Fell 9% percent