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More on Cree: FQ3 guidance is for revenue of $325M-$345M and EPS of $0.30-$0.35, above a...

More on Cree: FQ3 guidance is for revenue of $325M-$345M and EPS of $0.30-$0.35, above a consensus of $322.5M and $0.28. The margin improvements continue: FQ2 gross margin was 39.2%, up 170 bps Q/Q and 390 bps Y/Y. FQ3 gross margin of ~39.5% expected. Opex +17% Y/Y as lighting investments ramp. LED products 58% of revenue (+4% Y/Y), lighting products 35% (+25%), power and RF products 7% (+59%). CREE +14.5% AH. CC underway (webcast). (PR)
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