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:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.14 | -0.18 | -0.23 | -0.24 |
| EPS Actual | -0.12 | -0.16 | -0.21 | -0.23 |
| Revenue Estimate | 190.68M | 169.30M | 149.17M | 145.17M |
| Revenue Actual | 188.00M | 173.10M | 156.60M | 145.80M |
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.
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