LED upstream chip manufacturing company Cree announced the third quarter of 2012 fiscal year (January-March 2012) earnings, revenue increased by 30% (quarterly minus 6%) to 284.8 million US dollars; the industry gross margin since the same period a year ago 42.4% fell sharply to 35.6%; the operating profit margin fell from 14.9% to 8.6%; diluted earnings per share decreased by 22% to $0.20.
According to non-GAAP standards, the third quarter of fiscal 2012 (Q1 2012) had a surplus of $23.3 million, which was diluted to $0.20 per share, compared with a surplus of $30.1 million in the same period last year, equivalent to a surplus of $0.27 per share. twenty two%.
Cree said that the January-March earnings per share just reached the median of the company's forecast range, mainly due to the strong execution of the factory, tax incentives offset the negative factors of slightly lower than expected revenue. Overall, Cree's backlog of orders from January to March is better than in the past. The backlog of orders for lighting, LED, power and RF products is better than October-December 2011, but order visibility is still limited. C ree also said the company will continue to rely on innovation to promote the promotion of LED, Cree and believe that by virtue of market dominance can lead the market transition to LED lighting.
Looking forward to the second quarter (April-June), Cree expects revenue to reach US$2.95-315 million (intermediate value of US$305 million, equivalent to a 7.1% increase in the quarter). The gross profit margin of the industry will reach approximately 36%. The surplus will be between $0.20 and $0.26 (with a median of $0.23).
Cree said that as of the end of March 2012, the inventory amount increased by 9.5 million US dollars to 196.8 million US dollars, and the inventory days rose to 96 days from 85 days at the end of the last quarter.
According to non-GAAP standards, the third quarter of fiscal 2012 (Q1 2012) had a surplus of $23.3 million, which was diluted to $0.20 per share, compared with a surplus of $30.1 million in the same period last year, equivalent to a surplus of $0.27 per share. twenty two%.
Cree said that the January-March earnings per share just reached the median of the company's forecast range, mainly due to the strong execution of the factory, tax incentives offset the negative factors of slightly lower than expected revenue. Overall, Cree's backlog of orders from January to March is better than in the past. The backlog of orders for lighting, LED, power and RF products is better than October-December 2011, but order visibility is still limited. C ree also said the company will continue to rely on innovation to promote the promotion of LED, Cree and believe that by virtue of market dominance can lead the market transition to LED lighting.
Looking forward to the second quarter (April-June), Cree expects revenue to reach US$2.95-315 million (intermediate value of US$305 million, equivalent to a 7.1% increase in the quarter). The gross profit margin of the industry will reach approximately 36%. The surplus will be between $0.20 and $0.26 (with a median of $0.23).
Cree said that as of the end of March 2012, the inventory amount increased by 9.5 million US dollars to 196.8 million US dollars, and the inventory days rose to 96 days from 85 days at the end of the last quarter.
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