Cree, citing strong demand for light-emitting diode products, reported record revenues, earnings and gross margins for its most recent quarter.

Cree (Nasdaq: CREE) said revenues soared to $66.2 million, up 45 percent from one year ago.

The gross margin was 56 percent, up 4 percent from the previous quarter and up from 43 percent a year ago.

Net revenues climbed to $24.4 million, or 32 cents a share, up from $8.9 million and 12 cents, from 2003.