Wolfspeed Sees Q1 Adj. EPS $(0.75)-$(0.60) vs $(0.29) Est., Revenue $220M-$240M vs $233.19M Est.
Portfolio Pulse from Benzinga Newsdesk
Wolfspeed has projected its Q1 adjusted EPS to be between $(0.75) and $(0.60), which is significantly lower than the estimated $(0.29). The company also expects its revenue to be between $220M and $240M, compared to the estimated $233.19M.
August 16, 2023 | 8:17 pm
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NEGATIVE IMPACT
Wolfspeed's Q1 adjusted EPS is expected to be lower than estimated, which could negatively impact the company's stock price.
Wolfspeed's projected Q1 adjusted EPS is significantly lower than the estimated $(0.29). This could lead to a negative market reaction, potentially causing a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100