WOLF - Wolfspeed Stock Takes A Hit After Hours - Here's Why | Benzinga
Wolfspeed, Inc. (NYSE: WOLF) shares are trading lower in Wednesday's after-hours session following the company's second-quarter earnings. Here's an overview of how the company performed during the quarter.
What To Know: Wolfspeed reported quarterly losses of 55 cents per share, which beat the analyst consensus estimate of losses of 66 cents, a 400% decrease over losses of 11 cents per share from last year.
The company reported revenue of $208.40 million, beating analyst expectations of $206.36 million, marking a 3.56% decrease over sales of $216.10 million from last year.
One of the company's notable achievements during the period was ...