Earnings movers | WOLF surged with 20% beats; BUD backed its FY guidance
1. $Wolfspeed Inc.(WOLF)$ surged 22.08% on record revenue and narrower-than-expected loss
Wolfspeed, the world's only vertically integrated silicon carbide firm, posted record revenue in its first quarter of fiscal year 2024.
The company posted a narrower-than-expected loss for the fiscal first quarter. Revenue missed expectations.
EPS: -53 vs. -67 cents
Revenue: $197 vs. $208 mln
Driven by robust demand, it secured $2.2 bln in device design-ins, mainly in the automotive sector.
2. $Anheuser-Busch Inbev SA(BUD)$ added 5.26% despite of revenue miss; backed its full-year guidance
EPS: $86 vs. $83 cents
Revenue: $15.57 vs. $15.73 bln
Revenue came in at $15.57 billion, below the $15.73 billion anticipated.
Anheuser-Busch InBev backed its full-year guidance and reiterated that it expects 2023 Ebitda to grow in line with its medium-term outlook of between 4% and 8%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Great ariticle, would you like to share it?
Great ariticle, would you like to share it?
Hi