Illustration 60886103 / Kheng Ho To / Dreamstime
Photo 199231482 / Hye Jin Kang / Dreamstime
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Illustration_60886103 / Kheng To To / Dreamstime

Cree shares surge 19% on earnings report

Jan. 30, 2013

Despite its position as one of the largest manufacturers of LEDs and LED lighting fixtures, Cree Inc., Durham, N.C., hasn’t been able to get a ton of consistently positive momentum going for the price of its shares — until this week when it beat analysts estimates for its fiscal second quarter and they enjoyed a hefty 19% increase to more than $39 per share.