AOT Losses Money in 2Q16

Top LED manufacturer AOT posted stable revenues for second quarter, but bad product portfolio and pressure to lower prices, lead to sliding gross margins and net losses.
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Lextar Still in the Red in 2Q16

Taiwanese LED manufacturer Lextar posted a net loss of NT $ 120 million (US $ 3.82 million) for second quarter of 2016, despite reporting a revenue increase.
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Veeco 2Q16 Financial Results Better than Expected

Revenues of US $75.3 million GAAP net loss per share of $0.82, includes a pre-tax charge of ~$16 million associated with the restructuring plans Non-GAAP net loss per share of $0.19 Non-GAAP adjusted EBITDA of negative $2.8 million
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Dow 2Q16 Revenue Highlights

Dow reported earnings per share of $2.61, or operating earnings per share of $0.95. This compares with Earnings per Share (EPS) of $0.97 in the year-ago period, or operating EPS of $0.91. Certain Items in the quarter primarily reflected a $2.20 per share gain related to the Dow Corning ownership restructure and a $0.27 per share charge for costs associated with the restructuring plan announced in the quarter. The tax rate was impacted by Certain Items. Excluding these, the tax rate was within the Company’s modeling guidance.
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Philips Lighting Business Revenue Dips After Spin-Off in 2Q16

Philips reports Q2 sales of EUR 5.9 billion (US $6.49 billion) and comparable sales growth of 3%, a 9% improvement in Adjusted EBITA to EUR 544 million and net income of EUR 431 million
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Epistar Gross Margins Improves in 2Q16

Taiwanese LED chip manufacturer Epistar revenue in June 2016 was down 2.3% to NT $2.11 billion (US $65.87 million) compared to a month earlier, due to inventory take during the end of second quarter, according to a MoneyDJ report.
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Noribachi Announces Ongoing Expansions in 2Q16

Noribachi, a leading U.S.-based custom LED manufacturer for high output commercial and industrial lighting solutions, today announced its continued growth in second quarter of 2016 due to the launch of its ALiVE product line, expansion of its regional sales organization and enhanced manufacturing capabilities.
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OSRAM Licht Raises 2016 Revenue Outlook on Back of Positive Developments in 2Q

Due to an ongoing positive business development in the second quarter the managing board of OSRAM Licht AG raises the revenue and profit outlook for fiscal year 2016.
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Acuity Brands Reports Net Revenue up 26% in 2Q16

Acuity Brands announced record second quarter results for net sales, net income, and diluted earnings per share (“EPS”). Fiscal 2016 second quarter net sales of US $777.8 million increased $161.7 million, or 26%, compared with the year-ago period. Operating profit for the second quarter of fiscal 2016 was $106.7 million, an increase of $28.1 million, or 36%, over the year-ago period. Net income for the second quarter of fiscal 2016 was $65.5 million, an increase of 41% compared with the prior-year period. Fiscal 2016 second quarter diluted EPS of $1.49 increased 39% compared with $1.07 for the year-ago period.
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Asahi Kasei Corporation, a leader in developing high-performance UVC LEDs, today announced the Klaran™ Reactor series, the only third-party tested and validated out-of-the-box water purification technology for original equipment manufact... READ MORE

Cree, Inc. (Nasdaq: CREE) announces an expansion of the XLamp® High Current LED Array family with new CMT LEDs that extend Cree’s latest metal-based chip-on-board (COB) LED technology to the most prevalent COB form ... READ MORE