CREE beats by 4 cents on EPS & Sales...Guidance on Sales LOWER..

CREE EPS actual 55 vs consensus of 51 cents..beat by 4 cents

Sales actual $264.6 million vs consensus $264 million..beat by $600K

Guidance $275 million vs consensus of $283.94 million...well short ...by $8.94 million

EPS guidance 56 cents to 59 cents..vs consensus of 54 cents..ahead of consensus...

As CREE is a high BETA stocks ..growth in Sales is necessary to justify stock price...

CREE Down 9.14%....

Sold CREE AH....

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