Wolfspeed beats by $0.09, misses on revs; guides Q2 EPS in-line, revs below consensus
- Reports Q1 (Sep) loss of $0.91 per share, excluding non-recurring items, $0.09 better than the FactSet Consensus of ($1.00); revenues fell 1.4% year/year to $194.7 mln vs the $200.39 mln FactSet Consensus.
- Co issues guidance for Q2, sees EPS of ($1.14) - $0.89, excluding non-recurring items, vs. ($0.91) FactSet Consensus; sees Q2 revs of $160 - 200 mln vs. $214.69 mln FactSet Consensus.
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