Osram Announces Profit Warning and Lowers Its 2019 Forecast

On its way of transforming to a high-tech photonic company, Osram has been challenged by the weakening global market. The German company adjusted its annual forecast for fiscal year 2019 which ends by September 30, 2019. Osram said the revenue

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LED Business Not Very Profitable in Past Fiscal Year; IoT is the One Bright Spot

With the beginning of September comes the start of the new fiscal year for the LED business. Unfortunately, the report card for most LED makers and LED lighting makers has not been good. In recent years the LED lighting industry

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LED Lighting Leads Acuity to Profit Rise

Acuity Brands Inc. AYI -14.92% said its fiscal third-quarter earnings rose 38% on favorable order rates and a rise in the popularity of LED lights. “Sales of LED-based lighting solutions now represent over a third of our net sales,” said

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