The Guangdong Province in Southern China incurred the greatest losses in China’s lighting industry, according to monthly statistics compiled by National Bureau of Statistics.

Rubicon Technology, a leading provider of sapphire substrates and products to the LED, semiconductor, and optical industries, today reported financial results for its first quarter ended March 31, 2015.

Veeco Instruments announced its financial results for the first quarter ended March 31, 2015. Results are reported in conformity with U.S. generally accepted accounting principles (“GAAP”) and are also reported adjusting for certain items (“Non-GAAP”). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release.

Despite delivering strong sales in its LED business, Philips profits in 1Q15 declined 28% due to slowdown in its health business, reportedFinancial Times and Marketwatch.

San’an Opto reported the company’s net profits soared during first quarter in 2015.

Cree a market leader in LED lighting, announced preliminary estimates of financial results for its first fiscal quarter ended September 28, 2014. Revenue for the quarter is expected to be approximately US $428 million, with earnings expected below the company’s previously announced target range of $0.25 to $0.30 per diluted share on a GAAP basis. These preliminary financial results are subject to completion of the company’s customary quarterly closing and review procedures.