Wolfspeed (WOLF) Reports Loss in Q3 Earnings, Revenues Up Y/Y
Wolfspeed(WOLF) Zacks Investment Research·2024-05-03 00:26
Wolfspeed (WOLF) reported a third-quarter fiscal 2024 non-GAAP loss of 62 cents per share, narrower than the Zacks Consensus Estimate of a loss of 64 cents per share but broader than the year-ago quarter’s loss of 34 cents per share.Revenues of $200.7 million increased 4.2% year over year but lagged the consensus mark by 0.39%. Mohawk Valley Fab contributed $28 million in revenues in the reported quarter.Power Products accounted for 50.9%, while Materials Products contributed 49.1%. Power Products revenues ...