Wolfspeed Inc. shares were falling 13% in Wednesday’s after-hours action after the company posted a wider-than-expected loss for the latest quarter and also forecast steeper-than-anticipated losses in the current period. The silicon-carbide chip company logged a fiscal fourth-quarter net loss from continuing operations of $113.3 million, or 91 cents a share, compared with a loss of $61.8 million, or 50 cents a share, in the year-prior period. On…
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Wolfspeed Inc. shares were falling 13% in Wednesday’s after-hours action after the company posted a wider-than-expected loss for the latest quarter and also forecast steeper-than-anticipated losses in the current period. The silicon-carbide chip company logged a fiscal fourth-quarter net loss from continuing operations of $113.3 million, or 91 cents a share, compared with a loss of $61.8 million, or 50 cents a share, in the year-prior period. On…
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