Wolfspeed: Q1 Earnings Insights

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:

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.