Wolfspeed FY 2024 Adj EPS $(2.59) Misses $(2.58) Estimate, Sales $807.20M Miss $809.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wolfspeed reported a quarterly loss of $(2.59) per share, slightly missing the analyst estimate of $(2.58). Sales were $807.20 million, also below the expected $809.65 million.
August 21, 2024 | 8:09 pm
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Wolfspeed's Q4 earnings and sales both slightly missed analyst expectations, with EPS at $(2.59) and sales at $807.20M.
Wolfspeed's earnings and sales both missed analyst expectations, which is likely to negatively impact the stock price in the short term. The misses were minor but still indicate a performance below market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100