Why Shares of Cree Lighting Are Plummeting Today
A leader in power and radio frequency semiconductors as well as LED lighting, Cree (NASDAQ: CREE) reported fourth-quarter 2021 earnings yesterday after the closing bell, and investors are not happy with the company's results. As of 10:49 a.m. EDT, Cree's stock has fallen 7.1%.
It's not only the company's disappointing earnings report that's driving investors to hit the sell button; Wall Street is also unimpressed with what the company had to say yesterday.
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Source Fool.com
