Looking forward to the third quarter (July-September), Cree expects revenue to reach $245-255 million, gross margins of around 38-39%, and earnings per share of $0.25-0.28. According to the Capital IQ survey, analysts had expected the company’s revenue and earnings per share from July to September to be US$250.98 billion and US$0.31, respectively.
Cree chairman and chief executive officer Chuck Swoboda pointed out in the earnings news release that the financial results are in line with expectations, and the 11% increase in revenue for the quarter is even more encouraging. Looking ahead this season, Cree believes that demand has improved over the beginning of this year (2011), and the company will also lead the LED lighting industry to continue to reform.
Cree surged 10.66% to close at $29.49 on normal trading on the 9th, and further advanced 7.49% to $31.70.
The Dell Latitude 3420 (also known as the E3420) is a business laptop designed for professionals who need a reliable and durable machine for their work. Here are some of its key features:
Processor: The laptop is powered by a 10th generation Intel Core i3, i5, or i7 processor, depending on the configuration you choose.
Memory: It comes with up to 16GB of DDR4 RAM, which ensures smooth multitasking and fast performance.
Storage: The laptop has a 2.5-inch drive bay that can accommodate a hard disk drive or solid-state drive, depending on your needs.
Display: The laptop has a 14-inch display with a resolution of 1366 x 768 pixels. You can also opt for a Full HD (1920 x 1080) display.
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