Wolfspeed earnings, Revenue beat in Q1

  • Investing.com
Wolfspeed earnings, Revenue beat in Q1
Credit: © Reuters.

Investing.com - Wolfspeed reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Wolfspeed announced earnings per share of $-0.04 on revenue of $241.30. Analysts polled by Investing.com anticipated EPS of $-0.05 on revenue of $239.77M.

Wolfspeed shares are down 4.3% from the beginning of the year and are trading at $94.74 , down-from-52-week-high.

Wolfspeed shares lost 11.42% in after-hours trade the report.

Wolfspeed follows other major Information Technology sector earnings this month

Wolfspeed's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.

Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, compared to forecast for EPS of $1.87 on revenue of $7.57B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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