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%.

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  • Dmon
    ·2023-11-03

    Great ariticle, would you like to share it?

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  • Horsey
    ·2023-11-03
    Great ariticle, would you like to share it?
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  • Sonsonkok
    ·2023-11-03

    Great ariticle, would you like to share it?

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  • Taurus Pink
    ·2023-11-02
    [暗中观察] [暗中观察]
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  • sk27
    ·2023-11-02
    yes China is not picking up as expected
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  • Tangan
    ·2023-11-02
    Thanks
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  • KSR
    ·2023-11-02
    👍
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  • An Long
    ·2023-11-02
    [smile]
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  • intan9252
    ·2023-11-02

    Hi

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  • Tom Chow
    ·2023-11-02
    👍
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  • KY1
    ·2023-11-01
    Nice
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