Wolfspeed Q3 2024 Adj EPS $(0.62) Beats $(0.64) Estimate, Sales $200.700M Miss $201.110M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wolfspeed (NYSE:WOLF) reported Q3 2024 adjusted EPS of $(0.62), beating the $(0.64) estimate, but missed sales estimates with $200.7M versus the expected $201.11M. This represents an 82.35% decrease in EPS and a 4.21% increase in sales year-over-year.

May 01, 2024 | 8:23 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Wolfspeed reported a smaller-than-expected loss per share but missed on sales estimates for Q3 2024, with a significant decrease in EPS and a slight increase in sales year-over-year.
Wolfspeed's better-than-expected EPS might be seen positively by investors, indicating some operational efficiency or cost management. However, the miss on sales estimates and the significant decrease in EPS year-over-year could raise concerns about revenue growth and profitability, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100