** Shares of chipmaker Wolfspeed WOLF.N rise 1.8% to $6.11 premarket
** Co reports Q2 rev. of $180.5 mln, above estimates of 179.9 mln, with smaller-than-expected net loss per share of 95 cents, compared with estimates of loss of $1.02 per share - LSEG-compiled data
** WOLF sees Q3 revenue from continuing operations in range of $170 mln to $200 mln vs average analysts' estimates of $193.60 mln
** Expects Q3 adjusted loss per share between 88 cents and 76 cents, vs estimates of loss of 86 cents per share
** In mid-Nov, co's board ousted its CEO Gregg Lowe and appointed Thomas Werner as executive chairman, while it finds a permanent CEO
** Four of 18 brokerages rate the stock "buy", 10 "hold" and four rate it "sell"; their median PT is $10 - LSEG data
** WOLF stock lost 84.7% in 2024 vs Philadelphia Semiconductor index's .SOX gain of about 20%
(Reporting by Sanchayaita Roy in Bengaluru)
((Sanchayaita.roy@thomsonreuters.com))
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