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Earnings movers | WOLF surged with 20% beats; BUD backed its FY guidance
@Tiger_Earnings：
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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