Analysts expect higher profit for Cree when the company reports its fourth quarter results on Tuesday, August 13, 2013. The consensus estimate is calling for profit of 30 cents a share, reflecting a rise from 16 cents per share a year ago.
For the fiscal year, analysts are expecting earnings of 96 cents per share. Revenue is projected to eclipse the year-earlier total of $306.8 million by 23%, finishing at $377.2 million for the quarter. For the year, revenue is projected to roll in at $1.39 billion.