Wolfspeed Q4 2024 Adj EPS $(0.89) Misses $(0.84) Estimate, Sales $200.70M Miss $201.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wolfspeed reported Q4 2024 earnings with an adjusted EPS of $(0.89), missing the consensus estimate of $(0.84). Sales were $200.70M, slightly below the expected $201.19M, and down 0.99% from the previous year.
August 21, 2024 | 8:08 pm
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Wolfspeed's Q4 2024 earnings report showed a larger-than-expected loss per share and slightly lower sales than anticipated, indicating potential short-term pressure on the stock price.
Wolfspeed's earnings per share missed analyst expectations by 5.95%, and sales were slightly below estimates. Such results typically lead to negative investor sentiment and potential short-term stock price decline.
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