Wolfspeed (WOLF) Reports Loss in Q4 Earnings, Revenues Down Y/Y
WOLFWolfspeed(WOLF) ZACKS·2024-08-23 01:35

Wolfspeed (WOLF) reported a fourth-quarter fiscal 2024 non-GAAP loss of 89 cents per share, wider than the Zacks Consensus Estimate of a loss of 84 cents per share but narrower than the year-ago quarter’s loss of 36 cents per share.Revenues of 200.7milliondecreased1200.7 million decreased 1% year over year but lagged the consensus mark by 0.2%. Mohawk Valley Fab contributed 41 million in revenues in the reported quarter.Power Products accounted for 52.1%, while Materials Products contributed 47.9%. Power Products revenues decr ...