Wolfspeed (NYSE:WOLF) reported its Q1 earnings results on Wednesday, October 27, 2021 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Wolfspeed beat their estimated earnings by 8.7%, reporting an EPS of $-0.21 versus an estimate of $-0.23, which did not surprise analysts.

Revenue was up $60,000,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01, which was followed by a 9.15% drop in the share price the next day.

Here's a look at Wolfspeed's past performance:

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