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 17, 2023 | 7:01 pm
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NEGATIVE IMPACT
Wolfspeed's shares are trading lower due to mixed Q4 results and lower than expected Q1 EPS guidance.
Wolfspeed's lower than expected Q1 EPS guidance and mixed Q4 results are likely to negatively impact investor sentiment, leading to a decrease in the company's share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100