[Heads up] Cree, Inc. Announces 2018 Second Quarter Earnings Release Webcast

Cree, Inc. Announces 2018 Second Quarter Earnings Release Webcast
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New Cree Guidance Speculated to Exit Consumer Lighting and Emphasize RF Solutions

Cree on October 17 released a webcast reporting its 1Q18 financial results. The next-day financial report showed a decrease of 3% YoY in the LED chip maker’s revenue. Gregg Lowe, Cree CEO, stated with faith that the company will implement new strategies in the next few months. Cree is speculated to invest heavily in its chip business and to exit the consumer lighting market. Its stock jumped 16% on Wednesday after the new CEO announced the new guidance. 
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Cree Reports Financial Results for the First Quarter of Fiscal Year 2018

Cree yesterday announced financial results for its first quarter of fiscal 2018, ended September 24, 2017. Revenue for the first quarter of fiscal 2018 was $360 million, which represents a 3% decrease compared to revenue of $371 million for the first quarter of fiscal 2017 and a slight increase compared to the fourth quarter of fiscal 2017. 
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Cree, Inc. Announces 2018 First Quarter Earnings Release Webcast

Cree, Inc. Announces 2018 First Quarter Earnings Release Webcast
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ETI Projects Losses Incurred from Operations Near RMB 100M in 4Q16

ETI forecasted losses incurred from operations would peak to RMB 100 million for the fourth quarter of 2016, stated the company in a press release.
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Changelight Net Profit Plummets in 1H16 Despite Soaring Revenues

Changelight announced its revenue soared 107.14% to RMB 458.34 million (US $69.08 million) in second half of 2016, but its net profits tumbled, reported China Securities.
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Silan Forecasts Net Profits Plummet 60% in 1H16

Chinese LED manufacturer Silan Microelectronics (Silan) announced Thursday the company’s preliminary financial results for first half of 2016 plunged more than 60% year-on-year to RMB 64.42 million (US $9.66 million), reported Sinai.
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San’an Opto’s Net Profit Reaches 1.04M During First Half of 2015

San’an Opto released its financial results for the first half of 2015 on August 18, 2015. The company’s sales reached RMB 2.3 billion (US$350 million) with 5.26% growth year on year (YoY). The reported net income available to shareholders is RMB 904 million, reflecting a 35.76% YoY growth.
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Lumileds introduced the LUXEON CZ Color Line, a product line optimized to deliver maximum punch. “The LUXEON CZ features up to 48% higher punch than any other undomed color LED,” said Jennifer Holland, Product Line Direct... READ MORE

LG Innotek today announced that it has supplied UV LED module for water purifiers to the famous Japanese purifier manufacturer for the past year and achieved the perfect quality of zero defect rate.