WOLF - Wolfspeed Analysts Slash Their Forecasts Following Q3 Results | Benzinga
Wolfspeed, Inc. (NYSE:WOLF) reported worse-than-expected third-quarter revenue results on Wednesday.
Wolfspeed posted adjusted loss of 62 cents per share, compared to market expectations for a loss of 64 cents per share. The company's quarterly sales came in at $200.700 million, missing estimates of $201.110 million, according to data from Benzinga Pro.
“We are pleased with the significant operational milestones achieved in the quarter for Wolfspeed as we continue to be the world’s first fully, vertically integrated 200-millimeter silicon carbide player at scale,” said Wolfspeed CEO, Gregg Lowe. “We are making progress ...