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

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

Wolfspeed (WOLF) shares slump as guidance disappoints

April 27, 2023 1:51 PM EDT

Wolfspeed (NYSE: WOLF) shares dropped almost 20% Thursday after its guidance missed analyst consensus estimates.

In the third quarter, the semiconductor maker posted a loss of $0.13 per share, $0.02 better than the analyst estimate of a loss of $0.15 per share. In addition, revenue for the quarter came in at $228.7 million, above the consensus estimate of $220.29... More