Wolfspeed reports Q4 EPS (77c), consensus (72c)

Reports Q4 revenue $197M, consensus $191.4M. “Reflecting upon my first three months with Wolfspeed (WOLF), I am more confident than ever in my decision to join the Company and our opportunity to further strengthen our position in the industry. With our world-class greenfield and vertically integrated facility footprint, recent additions to the senior leadership team, and robust IP portfolio, Wolfspeed is well-positioned to be the global leader in silicon carbide technology,” said Wolfspeed Chief Executive Officer, Robert Feurle. “Our next important milestone is for the court to approve our Plan of Reorganization next month, and emerge from Chapter 11 shortly thereafter, with a much stronger financial structure.”