Article: Cree Research Reports Third Quarter Fiscal 1997 Results

 
  Net Income Increases 172% Over Year Ago Period 

DURHAM, N.C., April 30 /PRNewswire/ -- Cree Research, Inc. (Nasdaq: CREE) today announced record quarterly revenue of $6,966,000 for the quarter ended March 31, 1997. This revenue represents an increase of 93% over $3,618,000 reported for the third quarter of the prior year. For the nine months to date the company reported revenue of $20,494,000 which is a 95% increase over $10,494,000 for the comparable period of the prior year.

Cree reported net income of $554,000 or $0.04 per share for the quarter ended March 31, 1997, a 172% increase over the $204,000 or $0.02 per share reported for ...

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