Article: Cree Research Reports Second Quarter Fiscal 1997 Results

 
   Company Earns $0.03 Per Share in Fiscal Second Quarter 

DURHAM, N.C., Jan. 29 /PRNewswire/ -- Cree Research, Inc. (Nasdaq: CREE) today announced strong revenue of $6,859,000 for the quarter ended December 31, 1996, which represents a 58% increase over $4,337,000 reported for the second quarter of the prior fiscal year. Total revenue of $14,293,000 for the first six months of fiscal 1997 represents an 86% increase over $7,696,000 reported for the first six months of fiscal 1996.

Cree also posted net income of $358,000 or $0.03 per share for the three months ended December 31, 1996, versus net income of $822,000 or $0.07 per share recorded in ...

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