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Pisd

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Pisd

Re: Pisd post# 568

Thursday, 08/17/2023 9:04:22 AM

Thursday, August 17, 2023 9:04:22 AM

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Wolfspeed (NYSE:WOLF) – Shares fell 14.2% premarket after the release of Wolfspeed’s fiscal fourth quarter earnings report, which disappointed the market. The company reported an adjusted loss of 42 cents per share, versus analysts’ expectations for a loss of 20 cents per share. Despite that, Wolfspeed had revenue of $236 million, beating analysts’ projection of $223 million, according to Refinitiv data.
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