Cree Continues To Get Slammed In After-Hours (CREE)

Shares of Cree, Inc. CREE continue to get slammed, losing more than 13% in after hours after the company missed earnings expectations and the company reported weaker than expected guidance for the next quarter. At last check, shares of CREE were down $8.71 to $54.00, a loss of nearly 14% in after-hours trading. Cree develops and manufactures light emitting diode (LED) products, silicon carbide (SiC) and gallium nitride (GaN) material products, and power and radio frequency (RF) products.