Benzinga | Oct 27, 2021 04:48PM EDT

Wolfspeed Q1 EPS $(0.21) Beats $(0.23) Estimate, Sales $156.60M Beat $149.17M Estimate

Wolfspeed (NYSE:WOLF) reported quarterly losses of $(0.21) per share which beat the analyst consensus estimate of $(0.23) by 8.7 percent. This is a 12.5 percent increase over losses of $(0.24) per share from the same period last year. The company reported quarterly sales of $156.60 million which beat the analyst consensus estimate of $149.17 million by 4.98 percent. This is a 27.70 percent decrease over sales of $216.60 million the same period last year.