04:41 PM EDT, 08/21/2024 (MT Newswires) -- Wolfspeed ( WOLF ) reported a fiscal Q4 non-GAAP net loss late Wednesday of $0.89 per diluted share, widening from a loss of $0.36 loss a year earlier.

Analysts polled by Capital IQ expected a loss of $0.88.

Revenue for the quarter ended June 30 fell to $200.7 million from $202.7 million a year ago.

The analyst consensus on Capital IQ was $201.4 billion.

The company is projecting a fiscal Q1 non-GAAP net loss of $1.09 to $0.90, on revenue between $185 million and $215 million.

Analysts polled by Capital IQ expect a $0.86 loss on $209.2 million in revenue.

Shares of the company fell 3.8% in recent after-hours activity.

Price: 13.10, Change: -0.41, Percent Change: -3.03