Abnormal movement in US stocks | Q3 revenue falls below expectations, Wolfspeed (WOLF.US) plunges over 25%

According to the Beijing Finance APP, on Friday, Wolfspeed (WOLF.US) dropped by more than 25%, closing at $3.30. On the news front, the company released its third quarter performance for the 2025 fiscal year after Thursday's closing, with a loss of 72 cents per share, better than the consensus expectation of a loss of 77 cents per share by analysts. Quarterly operating income is approximately $185 million, lower than Wall Street's expected $194 million, and a decrease from the $201 million operating income in the same period last year.