Wolfspeed's new factory reaches milestone, Durham plant incident affects outlook [Seeking Alpha]
Wolfspeed, Inc. (WOLF)
Company Research
Source: Seeking Alpha
incident at its Durham, N.C., facility has prompted the semiconductor company to update its guidance. Shares dipped 1% during pre-market trading Tuesday. The Durham 150mm device fab "experienced an equipment incident ... that resulted in a temporary capacity reduction while the incident was being remediated," the company reported "We quickly identified and resolved an equipment incident at our Durham 150mm device fab, and we continue to focus on execution as we move with urgency to continue this first-of-its-kind ramp," said Wolfspeed CEO Gregg Lowe. Wolfspeed expects no impact to fourth quarter revenue from the incident, as it still anticipates revenue to range from $185M to $215M. An analysts' consensus expects revenue at $201M. However, first quarter fiscal 2025 revenue could be negatively affected by $20M. Also, anticipated fourth quarter adjusted loss per share now ranges from $0.96 to $0.83. These are steeper than the prior expectations, which ranged from an $0.86 to
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WOLF
News
- Wolfspeed, Inc. (WOLF) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged WrongdoingsBusiness Wire
- Bronstein, Gewirtz and Grossman, LLC sends a Class Action Lawsuit reminder to shareholder investors for Wolfspeed, Inc. to Lead the Class Action Lawsuit!Accesswire
- A Shareholder alert for Wolfspeed, Inc. was sent by Bronstein, Gewirtz and Grossman, LLC to Lead Class Action Lawsuit!Accesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Wolfspeed, Inc. - WOLFAccesswire
- WOLF Investors Have Opportunity to Lead Wolfspeed, Inc. Securities Fraud Lawsuit – Contact Bronstein…. Today!Accesswire
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