Cree's third quarter fiscal year 2013 revenue of 350 million US dollars increased 23%

On April 23, Career announced its third quarter (January-March 2013) earnings report. In addition to revenue growth of 23% (1% increase) to $348.9 million, gross profit margin and profitability also increased. The company's diluted earnings per share increased by 70% per year, and its operating performance was better than market expectations.

In the 1~3 month revenue performance of Cree, LED products and lighting products accounted for 56% and 37%, respectively, and revenues increased by 8% and 51% year-on-year. This shows the strong growth of lighting products, and with the LED industry entering In the second quarter (April to June), the traditional peak season, Cree's financial test also continued to be optimistic, including revenue of 3.65-385 million US dollars, the industry's earnings per share will reach 0.34-0.40 US dollars, all better than January to March which performed.

In addition, Cree also pointed out in the earnings conference call, optimistic about the development prospects of LED lighting, next will be this season (April to June) to spend a large budget to promote LED bulbs.

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