Cree, a market leader in LED lighting, announced preliminary estimates of financial results for its third fiscal quarter ended March 27, 2016. Revenue for the quarter is estimated to be approximately US $367 million, with earnings estimated to be ($0.01) loss to $0.01 per diluted share on a GAAP basis, and $0.13 to $0.15 per diluted share on a non-GAAP basis. These preliminary financial results are subject to completion of the Company’s customary quarterly closing and review procedures.

Currency-comparable order intake up 15%, driven by North America, China and Western Europe Adjusted EBITA1) improved 50 basis points to 11.9% of sales and amounted to EUR 842 million EBITA amounted to EUR 263 million, or 3.7% of sales• Net loss of EUR 39 million, impacted by one-time charges including previously announced pension de-risking, compared to net income of EUR 134 million in Q4 2014 Free cash flow of EUR 740 million, compared to EUR 559 million in Q4 2014 Philips Lighting separation process on track

Leyard Optoelectronic, a leading worldwide provider of LED display products and auxiliary systems announced its 3Q15 financial result. The company’s revenue rose to RMB 523 million (US $82.39 million), reflecting 68.12% year on year (YoY) growth, while its net profit skyrocketed 182.67% YoY to RMB 103 million (US $16.23 million). Meanwhile, Leyard's 41.24% consolidated gross margin is considered relatively high among the manufacturers within the LED industry.