Wolfspeed shares are trading lower after the company reported mixed Q4 financial results and issued Q1 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Wolfspeed reported mixed Q4 financial results and issued Q1 adjusted EPS guidance below estimates, causing its shares to trade lower.
August 16, 2023 | 8:19 pm
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Wolfspeed's stock is trading lower due to mixed Q4 results and lower than expected Q1 EPS guidance.
Wolfspeed's stock is trading lower as the company reported mixed Q4 results and issued Q1 EPS guidance below estimates. This indicates that the company's performance may not meet market expectations, which negatively impacts investor sentiment and drives the stock price down.
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