Power Integrations: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Power Integrations (NASDAQ:POWI) reported Q3 earnings, missing estimated earnings by 2.13% with an EPS of $0.46 versus an estimate of $0.47. Revenue was down $34.72 million from the same period last year. Last quarter, the company beat EPS estimates but saw a 6.37% drop in share price the next day.
November 07, 2023 | 9:11 pm
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NEGATIVE IMPACT
Power Integrations' Q3 earnings missed estimates and revenue was down YoY. Last quarter's EPS beat was followed by a share price drop.
Power Integrations missed earnings estimates and reported a YoY revenue decrease, which could negatively impact investor sentiment and the stock price. The previous quarter's EPS beat was followed by a share price drop, indicating that beating estimates does not necessarily lead to a positive market reaction for this stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100