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Cree Reports Strong Earnings, Shares Pop

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Linked by Benzinga.com ( track newsfeed | ignore newsfeed ) - January 22, 04:22PM from (www.benzinga.com)

Cree, Inc. (NASDAQ: CREE), the market leader in LED lighting, reported fiscal second quarter earnings Tuesday that missed analysts estimates on stronger than expected revenue and shares spiked higher after-hours. Also, the company reported future guidance which contributed to the pop in shares.

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