Shares of Wolfspeed (WOLF) plunged Thursday after the chipmaker posted weaker-than-expected sales and guidance, and announced job cuts as it moves to simplify its business.
Wolfspeed, Inc. (WOLF) Q1 2025 Earnings Call Transcript
Wolfspeed (WOLF) came out with a quarterly loss of $0.91 per share versus the Zacks Consensus Estimate of a loss of $1.01. This compares to loss of $0.53 per share a year ago.
Wolfspeed forecast quarterly revenue below estimates on Wednesday and said it would book $174 million in restructuring charges for the planned closure of a facility, as the chipmaker deals with sluggish demand from automotive customers.
WOLF's fiscal first-quarter 2025 results are expected to benefit from its strong position in the semiconductor market, especially in EV and high-voltage power sectors.
LOS ANGELES, CA / ACCESSWIRE / November 4, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or "the Company") (NYSE:WOLF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
LOS ANGELES, CA / ACCESSWIRE / November 3, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or "the Company") (NYSE:WOLF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
LOS ANGELES, CA / ACCESSWIRE / November 2, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or "the Company") (NYSE:WOLF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
NEW YORK, NY / ACCESSWIRE / October 30, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Wolfspeed, Inc. ("Wolfspeed") (NYSE:WOLF) concerning possible violations of federal securities laws. On August 16, 2023, Wolfspeed issued a press release reporting its financial results for the fourth quarter and full fiscal year 2023.
Wolfspeed (WOLF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NEW YORK, NY / ACCESSWIRE / October 29, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Wolfspeed, Inc. ("Wolfspeed") (NYSE:WOLF) concerning possible violations of federal securities laws. On August 16, 2023, Wolfspeed issued a press release reporting its financial results for the fourth quarter and full fiscal year 2023.
NEW YORK, NY / ACCESSWIRE / October 28, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Wolfspeed, Inc. ("Wolfspeed") (NYSE:WOLF) concerning possible violations of federal securities laws. On August 16, 2023, Wolfspeed issued a press release reporting its financial results for the fourth quarter and full fiscal year 2023.