Power Integrations Q4 2023 Adj EPS $0.22 Beats $0.15 Estimate, Sales $89.50M Miss $90.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Power Integrations (NASDAQ:POWI) reported Q4 2023 adjusted EPS of $0.22, surpassing the $0.15 estimate, but its sales of $89.50M fell short of the $90.17M forecast, marking a 28.27% decrease from the previous year.
February 08, 2024 | 9:02 pm
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Power Integrations reported a mixed Q4 2023 with earnings beating estimates but sales missing forecasts and showing a significant year-over-year decline.
The beat on EPS is positive, indicating operational efficiency or cost management. However, the miss on sales and the significant year-over-year decline could raise concerns about demand for Power Integrations' products or market conditions. The mixed results make the short-term impact on the stock price uncertain, as positive earnings could be offset by concerns over sales performance.
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