Cree Shares Up Nearly 5% On Company’s Earnings, Sales Beat

Shares of Cree Inc. rose nearly 5% late Tuesday after the LED lighting maker reported fiscal second-quarter adjusted earnings and sales above expectations. Cree said it earned $6 million, or 6 cents a share, in the fiscal second quarter, compared with $13 million, or 13 cents a share, for the second quarter of fiscal 2016.