Wolfspeed (WOLF) Up 10.1% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]
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Wolfspeed, Inc. (WOLF)
Company Research
Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Wolfspeed due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Wolfspeed Reports Loss in Q3 Earnings, Revenues Up Y/Y Wolfspeed reported a third-quarter fiscal 2024 non-GAAP loss of 62 cents per share, narrower than the Zacks Consensus Estimate of a loss of 64 cents per share but broader than the year-ago quarter's loss of 34 cents per share. Revenues of $200.7 million increased 4.2% year over year but lagged the consensus mark by 0.39%. Mohawk Valley Fab contributed $28 million in revenues in the reported quarter. Power Products accounted for 50.9%, while Materials Products contributed 49.1%. Power Products revenues increased 0.5% year over year to $102.1 million. Materials Products revenues increased 8.4% year over year to $98.6 millio
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WOLF
News
- WOLF Investors Have Opportunity to Lead Wolfspeed, Inc. Securities Fraud Lawsuit – Contact Bronstein…. Today!Accesswire
- Wolfspeed (WOLF) Stock Dipped on Weak Demand [Yahoo! Finance]Yahoo! Finance
- Wolfspeed, Inc. (NYSE: WOLF) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $47.00 to $45.00. They now have a "buy" rating on the stock.MarketBeat
- WOLF Announcement: Bronstein, Gewirtz and Grossman, LLC Announces Investor Securities Fraud Class Action Lawsuit Filed Against Wolfspeed, Inc. and Chance to Actively ParticipateAccesswire
- Wolfspeed's new factory reaches milestone, Durham plant incident affects outlook [Seeking Alpha]Seeking Alpha
WOLF
Earnings
- 5/1/24 - Beat
WOLF
Sec Filings
- 5/31/24 - Form SD
- 5/30/24 - Form 4
- 5/30/24 - Form 4
- WOLF's page on the SEC website