Cree Soars (CREE)

Posted in pre-market 
January 20th, 2010

Cree Inc. (NASDAQ: CREE) is up significantly in the early hours after beating estimates.  It posted $0.38 EPS vs. $0.30 estimates; revenues rose 35% to $200 million versus $187 million estimates. At 8:57 AM EST we have shares up over 12% at $60.75 on 145,000 shares.  The prior 52-week high was $60.00, the low is $16.07; average volume here is almost 1.7 million shares.

JON C. OGG

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