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Jan 21 (Reuters) – LED maker Cree Inc reported a 75
percent rise in second-quarter profit, driven by higher sales in
its lighting products business, sending its shares up 5 percent
in extended trading.
Net income rose to $35.7 million, or 29 cents per share, in
the quarter ended Dec. 29, from $20.4 million, or 18 cents per
share, a year earlier.
Revenue rose 20 percent to $415.1 million. Revenue from its
lighting products jumped 41 percent to $321.6 million.
