After the market close on Wednesday, Wolfspeed, the world's leading supplier of silicon carbide substrates, announced its latest financial report, with revenue of $235 million better than expected, but an adjusted loss of 42 cents per share more than doubled.
The company also expects the revenue of the current fiscal quarter to be between 220 million and 240 million US dollars, the median value is lower than the 235 million US dollars expected by analysts, and the expected loss of 60-75 cents per share also greatly exceeds market expectations. As of press time, Wolfspeed fell nearly 15% after hours.
