Cree Releases Fiscal Year and Fourth Quarter Report

Aug 10, 2011 In a time when stocks soar and plummet all on the same day, it is a comfort to see the climbing numbers of Cree's Fiscal Year 2011. The LED company has released its financial results for the fourth quarter and this year, ending on June 26, 2011 with positive results.

This year's fourth quarter earned $243.0 million for Cree, which compared to last fourth quarter's $246.6 million is an 8% decrease in revenue. However, within this year the fourth quarter earned 11% more than the third, an increase of approximately $12.7 million. In addition, on a non-GAAP bases, net income for fiscal year 2011 was $1.70 per diluted share--an increase of 4% compared to the previous year. CEO of Cree, Chuck Swoboda, stated "As we look ahead to Q1, demand has improved from earlier in the calendar year, and we are well positioned to continue to lead the LED lighting revolution."

The 14% increase in annual revenue to a record $988 million, and the improvement in the fourth quarter highlight a favorable financial future for Cree.

To view a detailed report of the Fourth Quarter and Fiscal Year:
http://cree.com/press/press_detail.asp?i=1312916583461


Author:  Rebecca Milne

Back to the list


Reviews forum #FORUM# is not exist

Submit Product Review

Download Review Form

LED Jobs Banner LED Directory Banner


Recent News

12/06/2011 Pleasanton Library Cuts Energy Use By 46% With Adura Technologies Wireless Lighting Controls

12/06/2011 Forepi Selects AIXTRON´s New 19x4-inch CRIUS II-XL

12/06/2011 Future Lighting Solutions Wins 2011 Best LED Service Provider Award

12/06/2011 Leica Microsystems Presented Its Latest Range of Innovative LED Illumination Modules for Microscopy

12/06/2011 Xicato Introduced 3000lm and 4000lm XLM LED Modules

12/06/2011 A.C. Lighting Inc Appointed LedGo North American Distributor

12/05/2011 Electronics Weekly Publishes Interview with Adrian Rawlinson, Marl International

12/05/2011 New ENCELIUM White Paper Examines How Addressable Dimming Controls Help Buildings Earn LEED Points

12/05/2011 i-Pix Satellite Mk II LED Fixtures Launched in September 2011 Gain Immediate Popularity

12/05/2011 Lumenpulse Unveiled Corporate Headquarters with "Evolution of Light" Event in Montreal, Canada

12/05/2011 Anolis Deliveres LED Architectural Lighting Solutions in South Africa

12/02/2011 Lighting Science Group's New 60-Watt Equivalent LED World Bulb Receives Consumer Electronics Show Best of Innovations Award

12/02/2011 Jim H. McClung Lighting Research Foundation Announced Funding of Research Projects

12/02/2011 Magnalight.com Introduced New Explosion Proof Handheld LED

12/02/2011 SDG&E LED Holiday Light Exchange Brings Energy Savings to Balboa Park, Chula Vista and Escondido

12/01/2011 ZENARO Presents New Louver Luminaires with T5 LED Tubes

12/01/2011 Arima Changzhi Ramps Up HB LED Capacity with AIXTRON G4 MOCVD Systems

12/01/2011 CSA's State-of-the-Art LED Lighting Laboratory Opened in Atlanta

11/30/2011 Chroma-Q™ Launched Three New LED Luminaires

11/30/2011 Cree Introduced the New LMH2 LED Module Family