Wolfspeed (NYSE:WOLF) reported its Q1 earnings results on Wednesday, October 27, 2021 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Wolfspeed beat their estimated earnings by 8.7%, reporting an EPS of $-0.21 versus an estimate of $-0.23, which did not surprise analysts.
Revenue was up $60,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01, which was followed by a 9.15% drop in the share price the next day.
Here’s a look at Wolfspeed’s past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.24 | -0.23 | -0.25 | -0.21 |
| EPS Actual | -0.23 | -0.22 | -0.24 | -0.19 |
| Revenue Estimate | 145.17M | 130.21M | 121.50M | 209.88M |
| Revenue Actual | 145.80M | 137.30M | 127.00M | 216.60M |
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
