Updated Jan. 22, 2014 at 9:39 a.m.

Premium Lock Inside Cree's earnings: CEO touts Durham plant, says consumers are voting on bulb politics with their wallets

Published: 2014-01-22 09:34:00
Updated: 2014-01-22 09:39:03

President Obama talks with Cree CEO Chuck Swoboda President Obama talks with Cree CEO Chuck Swoboda during a visit to Durham in 2011. Image 1 of 2 · Next Image…

Cree Chairman and CEO Chuck Swoboda reported plenty of good news on Tuesday. New LED light bulb sales contributed to a record $415.1 million in revenue in the quarter, a 20 percent increase compared to a year ago. And in a conference call with analysts Swoboda touted Cree's manufacturing plant in Durham as being a key reason the company can help drive down future LED bulb costs. He also stays out of a political dispute about LED vs. traditional bulbs. "Consumers are already speaking," he says....

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