Wolfspeed (WOLF) Reports Q3 Loss, Lags Revenue Estimates

Wolfspeed (WOLF) came out with a quarterly loss of $0.72 per share versus the Zacks Consensus Estimate of a loss of$ 0.82. This compares to loss of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.20%. A quarter ago, it was expected that this maker of energy-efficient lighting would post a loss of$ 1.01 per share when it actually produced a loss of $0.95, delivering a surprise of 5.94%.Over the last four quarters, the ...