Wolfspeed (WOLF) Reports Loss in Q4 Earnings, Revenues Down Y/Y

Wolfspeed (WOLF) reported a fourth-quarter fiscal 2024 non-GAAP loss of 89 cents per share, wider than the Zacks Consensus Estimate of a loss of 84 cents per share but narrower than the year-ago quarter's loss of 36 cents per share. Revenues of $200.7 million decreased 1$41 million in revenues in the reported quarter. Power Products accounted for 52.1%, while Materials Products contributed 47.9%. Power Products revenues de ...