LED business news: Cree and Philips report mixed results

Royal Philips and Philips Lighting announced Q4 and FY 2016 results with LED revenue growing, while Cree's quarterly results beat expectations even while decreasing year over year and Forest Lighting faces a patent fight over LED tubes. Cree has announced its second-quarter fiscal year 2017 (FY17) results with revenue from LEDs and lighting exceeding analyst expectations despite a dip in revenue and profit relative to the prior year.