Power Integrations Sees Q3 Revenue $125M-$135M Vs $149.54M Est
Portfolio Pulse from Benzinga Newsdesk
Power Integrations has projected its Q3 revenue to be between $125M and $135M, which is lower than the estimated $149.54M.
August 04, 2023 | 2:49 pm
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NEGATIVE IMPACT
Power Integrations' lower than expected Q3 revenue projection could negatively impact its stock price.
Companies' stock prices are often influenced by their earnings reports. In this case, Power Integrations' lower than expected Q3 revenue projection could lead to a decrease in its stock price as it indicates potential financial instability or underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100