Wolfspeed: Q4 Earnings Insights

Wolfspeed 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.

Wolfspeed posted an EPS of $-0.02.

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

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).

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.

Earnings Calendar