Wolfspeed (WOLF) Tops Q3 EPS by 2c; Lowers Guidance

Wolfspeed (NYSE: WOLF) reported Q3 EPS of ($0.13), $0.02 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $228.7 million versus the consensus estimate of $220.29 million.

• WOLF sees Q4 EPS of ($0.17)-($0.23), versus the consensus of ($0.12). They see revenue of $212-$232 million, versus the consensus of $234.6 million.
• For fiscal 2024, Wolfspeed now targets revenue in a range of $1 billion to $1.1 billion versus the consensus of $1.2 billion.

For earnings history and earnings-related data on Wolfspeed (WOLF) click here.

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