Wolfspeed shares are trading lower on continued weakness after the company reported mixed Q4 financial results and issued Q1 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Wolfspeed's shares are trading lower following the company's mixed Q4 financial results and Q1 adjusted EPS guidance that fell below estimates.
August 18, 2023 | 3:44 pm
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Wolfspeed's stock is trading lower due to disappointing Q4 results and lower than expected Q1 EPS guidance.
Wolfspeed's Q4 financial results were mixed, and the company's Q1 adjusted EPS guidance was below estimates. This negative financial news is likely to have a direct impact on the company's stock price, causing it to trade lower in the short term.
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