Cree and Philips earnings, Georgia Power rebates Krystal

Dollar_GraphCree has announced financial results for the first quarter of its 2016 fiscal year indicating a sharp improvement in revenue relative to the prior quarter, and the bulk of Cree’s business is in the solid-state lighting (SSL) sector. Philips has reported slight sales growth in recent quarter while noting an ongoing uptick of LED-based sales within Philips Lighting and the company has updated the status of the Lumileds and Lighting divestitures. The Krystal Company fast-food chain has received a rebate check for more than $64,000 from utility Georgia Power for LED lighting retrofits at 55 stores in the state of Georgia.


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