Wolfspeed (WOLF) Reports Q2 Loss, Tops Revenue Estimates

Wolfspeed (WOLF) came out with a quarterly loss of $0.55 per share versus the Zacks Consensus Estimate of a loss of $0.63. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.70%. A quarter ago, it was expected that this maker of energy-efficient lighting would post a loss of $0.68 per share when it actually produced a loss of $0.53, delivering a surprise of 22.06%.Over the last four quarters, the ...