Wolfspeed WOLF reported its Q1 earnings results on Wednesday, October 26, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Wolfspeed beat estimated earnings by 20.0%, reporting an EPS of $-0.04 versus an estimate of $-0.05.
Revenue was up $84.70 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08 which was followed by a 31.86% increase in the share price the next day.
Here's a look at Wolfspeed's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | -0.10 | -0.14 | -0.18 | -0.23 |
EPS Actual | -0.02 | -0.12 | -0.16 | -0.21 |
Revenue Estimate | 207.81M | 190.68M | 169.30M | 149.17M |
Revenue Actual | 228.50M | 188.00M | 173.10M | 156.60M |
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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