CREE / Veeco / VISHAY
Silicon-carbide company also gives a better-than-expected outlook on the bottom line
Wolfspeed Inc. shares surged nearly 13% in after-hours trading Monday after the silicon-carbide company forecast a slimmer-than-expected loss for its ongoing quarter.
The company posted a fiscal first-quarter net loss of $402.7 million, or $3.22 a share, compared with a loss of $26.2 million, or 21 cents a share, in the year-earlier period.
On an adjusted basis, Wolfspeed (WOLF) lost 53 cents a share, whereas it lost 24 cents a share a year before. The FactSet consensus was for a 67-cent loss per share.
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"As part of expanding its production footprint to support expected growth, Wolfspeed is incurring significant factory start-up costs relating to facilities, the company is constructing or expanding that have not yet started revenue-generating production," the company said in its release. "These factory start-up costs have been and will be expensed as operating expenses in the statement of operations."
Revenue came in at $197.4 million, up from $189.4 million a year prior. Analysts tracked by FactSet were modeling $196.2 million.
Looking to the fiscal second quarter, the company models $192 million to $222 million in revenue, where analysts had been looking for $207.1 million. The company also anticipates an adjusted net loss from continuing operations of 56 cents a share to 70 cents a share, whereas the FactSet consensus was for a 69-cent loss per share.
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"The market opportunity for silicon carbide stands at $6 billion today, up from $400 million just five years ago," Chief Executive Gregg Lowe said in a release. "This further validates our strategy to invest now to capitalize on the immense opportunities at-hand, and the significant opportunity in the future."
Ein mega Verlust und keine Vorschau welche Zahlen man im nächsten Quartal erwarten könne......
Wenn man den Verlauf von Wolf gestern und heute mit BP vergleicht, dann muss man sich schon irgendwie fragen.
BP macht im Q3 3,29 Mrd $ einen netto Gewinn, liegt jedoch unter den Analystenschätzungen von 4,05 Mrd (wer immer auch die Analysten sind ;-) ) , sie machen aber ordentlich Gewinne und die Aktie fällt 5 % => WOLF macht fast 403 Mio netto Verlust (Vergleichsquartal im letzten Jahr 26,2 Mio minus) und die Aktie steigt > 20 % (mir soll es recht sein, bin nun wieder im Plus), aber das ist alles nicht mehr normal an der Börse .....