Wolfspeed (NYSE:WOLF) reported its Q4 earnings results on Wednesday, August 17, 2022 at 04:00 PM.

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

Earnings

Wolfspeed posted an EPS of $-0.02.

Revenue was up $82.70 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 14.8% drop in the share price the next day.

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

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Wolfspeed management provided guidance for Q1 2023, expecting earnings between $-0.08 and $-0.02 per share.

To track all earnings releases for Wolfspeed visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.