Wolfspeed Stock Falls After Q1 Revenues Miss Estimates: Here's What To Know
1. Wolfspeed reported a loss of 55 cents per share, beating estimates. 2. Quarterly revenue of $196.8 million missed Street estimates of $198.5 million. 3. CEO highlights organizational resilience and focus on product innovation. 4. Projected revenue decline to $150 million - $190 million for next quarter. 5. WOLF stock fell 13.10% to $27.80 in after-hours trading.