Cree Cuts Q4 Guidance; Shares Down – Quick Facts

Cree, Inc. (CREE) reduced its guidance for the fourth quarter of fiscal 2019 due to the impact from Huawei matter, and also due to the softer than projected demand for the company’s LED products. In May, the Bureau of Industry and Security of the U.S. Department of Commerce added Huawei Technologies Co. to a Entity List.
RTT – Earnings