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Technology Stocks : Semi Equipment Analysis
SOXX 299.48-4.8%Dec 12 4:00 PM EST
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From: Return to Sender8/17/2022 5:15:17 PM
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Wolfspeed beats by $0.08, beats on revs; guides Q1 (Sep) EPS in-line, revs above consensus; expects FY26 revs +30-40% higher than previous forecast

4:12 PM ET 8/17/22 | Briefing.com
Reports Q4 (Jun) loss of $(0.02) per share, excluding non-recurring items, $0.08 better than the S&P Capital IQ Consensus of $(0.10); revenues rose 56.7% year/year to $228.5 mln vs the $207.58 mln S&P Capital IQ Consensus. Co issues guidance for Q1 (Sep), sees EPS of $(0.02)-$(0.08), excluding non-recurring items, vs. $(0.07) S&P Capital IQ Consensus; sees Q1 revs of $232.5-247.5 mln vs. $224.45 mln S&P Capital IQ Consensus.Expects FY26 revenue 30-40% higher than the $2.1 bln forecasted last year.

Stock up 17 to 18% after hours! RtS

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