LED Lighting company Cree loses almost six million dollars this quarter alone!

LED Lighting company Cree loses almost six million dollars this quarter alone!

KIM03 - 20030401 - SEOUL, REPUBLIC OF KOREA : A South Korean banker checks US dollars at the Korea Exchange Bank in Seoul, 01 April 2003. South Korea's central bank on Tuesday put four trillion won (3.2 billion dollars) worth of bonds on the auction block as part of efforts to shore up money market rates amid slackening economic activity. EPA PHOTO AFP/KIM JAE-HWAN/jhk/mc

Lightboard.com 8-23-17 ~ Cree, once a leader in LED lighting has fallen further with almost six million dollars loss this quarter according to yesterdays report.  The North Carolina-based company said it had a loss of 6 cents per share.  The darling of wall street several years ago seems to be lost in the ever growing LED lighting market.  Seems you can just look at the offerings in LED bulbs from Home Depot and Lowes.  The giants in the industry like GE, Sylvania , and Phillips dominate the shelves.

 

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