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On tap: Cree, Salix to report earnings

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Two local companies that have rewarded investors recently report earnings next week.

Salix Pharmaceuticals releases its quarterly results late Monday. The Morrisville drug maker has seen its shares more than double since early March amid investor optimism for its medicines to treat gastrointestinal ailments.

Late Tuesday, Durham LED maker Cree will issue its latest quarterly results. That company’s stock has doubled this year as demand swells for energy efficient lighting. Cree CEO Chuck Swoboda even met with President Barack Obama last month to discuss green lighting.

The real question, naturally, is whether Salix and Cree will report results that match or beat Wall Street expectations, which could add to their stocks’ momentum. Disappointing results could cause a sell-off.

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About the blogger

Assistant Business Editor Alan M. Wolf joined the N&O in 1999 covering the business of health care. He became an editor in 2001, and helps oversee the paper's daily business coverage and Sunday Work&Money section. He lives in Clayton with his wife and two children. Reach him at 919-829-4572 or e-mail him.