Revenue: $304M vs $257M     Income:  $12.1M vs $$49.8M

DURHAM, N.C.–(BUSINESS WIRE)– Cree, Inc. (Nasdaq: CREE –News), a market leader in LED lighting, today announced revenue of $304.1 million for its second quarter of fiscal 2012, ended December 25, 2011.

This represents an 18% increase compared to revenue of $257.0 million reported for the second quarter of fiscal 2011 and a 13% increase compared to the first quarter of fiscal 2012. GAAP net income for the second quarter of $12.1 million, or $0.10 per diluted share, decreased 76% year-over-year compared to GAAP net income of $49.8 million, or $0.45 per diluted share, for the second quarter of fiscal 2011.

Read the details at Yahoo Finance.