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Analysts have become increasingly bullish on Cree (CREE) in the month leading up to the company’s second quarter earnings announcement scheduled for Tuesday, January 22, 2013. The consensus earnings per share estimate has moved up from 20 cents a share to the current expectation of earnings of 22 cents a share.

Wall Street estimates are up 46.7% from a year ago, when Cree reported earnings of 15 cents per share.
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