Cree announced Q2 2018 fiscal year results, LED product revenue rose 11%

CREE, Inc. (NASDAQ: CREE) announced that its revenue for the second quarter of FY 2018 (as of December 24, 2017) is $ 368 million, including LED products including LED chips, LED devices, Wolfspeed ( Including power devices and RF, etc.), lighting products, three business income. Compared with the first quarter of FY 2018, the second quarter of FY 2018 revenue increased 2%.
The second quarter of fiscal 2018 fiscal year net income of 14 million US dollars (or diluted earnings per share of 0.14 US dollars) calculated according to the United States General Motors Accounting Standards (GAAP). In contrast, the second quarter of fiscal 2017 net income of 6 million US dollars (or diluted earnings per share of 0.06 US dollars).
Revenues from LED products reached US $ 152,682,000 in the second quarter of fiscal 2018, an 11% increase compared with operating revenue of US $ 138,038,000 for LED products in the second quarter of FY17.
Wolfspeed revenues for the second quarter of fiscal 2018 amounted to $ 70,572,000, an increase of 30% from Wolfspeed's operating revenue of $ 54,364,000 for the second quarter of FY17.
The financial results for the second quarter of FY 2018 met Cree, Inc.'s stated goals.

 
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