Impinj Q3 Sales $65.00M Beat $64.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Impinj (NASDAQ:PI) reported Q3 sales of $65.00 million, beating the analyst consensus estimate of $64.75 million by 0.39 percent. However, this represents a 4.78 percent decrease compared to the same period last year.
October 25, 2023 | 9:07 pm
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NEUTRAL IMPACT
Impinj's Q3 sales beat estimates but are down year-over-year. This mixed result could lead to uncertain market reactions.
Impinj's Q3 sales exceeded analyst expectations, which is generally a positive signal for the stock. However, the year-over-year decrease in sales could be a concern for investors, potentially offsetting the positive impact of beating estimates.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100