Power management company Eaton announced that operating earnings per share, which exclude charges of US $0.01 per share to integrate recent acquisitions, were $0.97 for the third quarter of 2015, down 25% from the third quarter of 2014. Sales in the third quarter of 2015 were $5.2 billion, down 9% from the same period in 2014. The sales decline consisted of 6 percent from negative currency translation and 3% from a decline in organic sales.

The LED market has shown mixed results in different global regions recently. Stagnant LED shipment growth, and plunging sapphire substrate prices have brought related manufacturers operations under the market lime light.

Taiwan’s LED industry was affected by China’s supply chain, even top LED chip manufacturer Epistar has announced plans of slashing jobs as part of its restructure process, reported UDN recently.

Taiwanese LED manufacturers have been affected by Chinese manufacturers’ low pricing strategies, even the Taiwanese LED stock market was hit hard, reported SET News.

Austrian lighting company Zumtobel restructures have helped the company turn around the EUR 4.8 million (US $ 5.32 million) losses it incurred in the last fiscal year, reported Austrian media Die Presse.

Despite delivering strong sales in its LED business, Philips profits in 1Q15 declined 28% due to slowdown in its health business, reportedFinancial Times and Marketwatch.

Ailing Japanese electronic company Sharp will be closing down three LED factories as part of its drastic cost-cutting plan, according to a latest Nikkei report.

The market speculated whether GE will sell its lighting division after the company recently sold the home appliance division for US $3.3 billion to Swedish company Electrolux, according to a Lighting report.

Taiwanese lighting manufacturer Everlight has released a statement that clearly shows the company’s aim of developing the Chinese lighting market, the statement also assured investors recent restructures were made to meet challenges ahead. The notice outlined the company’s intent to attract more distributors in the future.