(CREE) 53.00: Earnings per share for the first quarter (September) was $0.60, which was $0.02 higher than analysts' expectations of $0.58; revenue increased by 58.7% to $268.4 million, and analysts expected $277.7 million. Cree reported a gross margin of 48.6% for the first quarter and 48.4% for Wall Street. The company estimates second-quarter earnings per share of 0.56-0.60 US dollars, the market expects 0.60 US dollars; revenue target of 2.7-280 million US dollars, the market expects 2.9704 billion US dollars. In the first quarter, the revenue of LED components and power products reached a new high. As the price of LED chips fell, the revenue target fell to a low level in the financial range, but the popularity of LED lighting continued to rise.
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