Overview

• Wolfspeed reported a quarterly loss of 89 cents per share, missing consensus estimates.
• Full-year revenue and earnings also fell short of analyst expectations.
• The company anticipates further losses in the upcoming quarter due to manufacturing issues.
• Analysts have lowered their price targets, reflecting concerns over future performance.
• Despite financial setbacks, Wolfspeed's stock saw brief gains due to optimism around its new fabrication plant.