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Jan. 22, 2013, 4:25 p.m. EST

Cree second-quarter profit rises 28%

By Sue Chang CREE

SAN FRANCISCO (MarketWatch) -- Cree Inc. /quotes/zigman/53629/quotes/nls/cree CREE -0.86% late Tuesday reported its second-quarter profit rose to $36.9 million, or 32 cents a share, from $28.7 million, 25 cents a share, a year earlier. Revenue increased 14% to $346.3 million, the LED lighting company said.
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