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Replies to post #568 on WolfSpeed (formerly CREE) (WOLF)
Pisd
08/17/23 9:04 AM
#569 RE: Pisd #568
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.