Power Integrations Sees Q4 2023 Revenue $90M +/- $5M Vs $139.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
Power Integrations has projected its Q4 2023 revenue to be around $90M, which is significantly lower than the estimated $139.12M.
November 07, 2023 | 10:06 pm
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Power Integrations' projected Q4 2023 revenue is significantly lower than the estimated $139.12M, which could negatively impact its stock price.
Power Integrations' lower than expected revenue projection for Q4 2023 could lead to a decrease in investor confidence, potentially causing a drop in the company's stock price. This is particularly relevant as revenue projections are a key factor that investors consider when evaluating a company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100