Power Integrations Q3 2023 Adj. EPS $0.46 Misses $0.47 Estimate, Revenue $125.5M Misses $130.450M Estimate
Portfolio Pulse from Benzinga Newsdesk
Power Integrations reported Q3 2023 adjusted EPS of $0.46, missing the estimate of $0.47. The company's revenue was $125.5M, also below the estimate of $130.450M.
November 07, 2023 | 9:04 pm
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NEGATIVE IMPACT
Power Integrations' Q3 2023 earnings and revenue missed estimates, which could negatively impact the company's stock price in the short term.
Earnings reports are a significant factor in a company's stock price. Power Integrations' lower-than-expected earnings and revenue could lead to a decrease in investor confidence, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100