Cree's Q4'15 Earnings Review: Restructuring Efforts Can Reignite Growth In Fiscal 2016

While the company continued to see strong growth in LED lighting and the Power and RF segments, its performance in Q4 2015 was impacted by the ongoing weakness in its LED Products business. Cree?s profitability in the LED business is suffering from excess supply and the resulting dramatic price reductions, to the point that the company had to cut back its manufacturing operations. Cree announced its LED restructuring plan last quarter, to reduce excess capacity and overhead to improve its cost s...