Universal Display Corporation, enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials,today reported financial results for the second quarter ended June 30, 2015.

U.S. MOCVD equipment manufacturer Veeco latest financial results shows the company's revenues increased 38% compared to the same period last year. The company did not break down its earnings into particular market sectors or applications.

Net profits improved for Dutch lighting giant Philips, mostly due to strong sales growth in its Healthcare and strong margin improvements in Consumer Lifestyle and Lighting businesses. However, performance in emerging markets including China, Russia and Latin America had declined.

LED manufacturers have announced their revenues for April lately, with Taiwanese LED chip and package manufacturers Epistar and Genesis Photonics Inc. (GPI) performance outshone other competitors, reported China Times.

Osram is systematically tackling its realignment. At yesterday’s meeting, the supervisory board of OSRAM Licht gave the green light for a mandate to examine the carve-out of the general lighting lamps business. As an independent entity, the business could operate more freely on the market and realize strategic options, such as for example partnerships, more easily. The businesses with opto semiconductors, automotive and specialty lighting as well as luminaires, lighting systems and solutions would as a result form the future core business of Osram. With this move, the company will increase its focus on growth, innovation and technology leadership and addresses the different dynamics and requirements in the changing lighting market.

A recruiting and staffing firm for Cree has laid off 319 contract workers that work for the LED company in Durham, North Carolina, U.S., according to a news & observer report.

Cree, a market leader in LED lighting, today announced revenue of $413.2 million for its second quarter of fiscal 2015, ended December 28, 2014, which is similar to revenue of $415.1 million reported for the second quarter of fiscal 2014. GAAP net income for the second quarter was $12.2 million, or $0.10 per diluted share, a decrease of 66% year-over-year compared to GAAP net income of $35.7 million, or $0.29 per diluted share, for the second quarter of fiscal 2014.

Lumenpulse, a leading manufacturer of high performance, specification-grade LED lighting solutions, released today its financial results for the second quarter and six-month period ended October 31, 2014.

Orion Energy Systems, a leading designer and manufacturer of high-performance, energy-efficient lighting platforms, today announced financial results for its fiscal 2015 second quarter and first half ended September 30, 2014.