Wolfspeed (NYSE:WOLF) reported its Q2 earnings results on Wednesday, January 26, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Wolfspeed beat estimated earnings by 11.11%, reporting an EPS of $-0.16 versus an estimate of $-0.18, which surprised analysts.
Revenue was up $46.10 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02, which was followed by a 33.2% increase in the share price the next day.
Here's a look at Wolfspeed's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.23 | -0.24 | -0.23 | -0.25 |
| EPS Actual | -0.21 | -0.23 | -0.22 | -0.24 |
| Revenue Estimate | 149.17M | 145.17M | 130.21M | 121.50M |
| Revenue Actual | 156.60M | 145.80M | 137.30M | 127.00M |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
