Power Integrations Sees Q1 2024 Revenue $90M ± $5M Vs $94.783M Est.
Portfolio Pulse from Benzinga Newsdesk
Power Integrations forecasts its Q1 2024 revenue to be around $90 million, plus or minus $5 million, which is below the estimated $94.783 million.

February 08, 2024 | 9:03 pm
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Power Integrations forecasts its Q1 2024 revenue to be lower than the estimated $94.783 million, indicating a potential short-term negative impact on its stock price.
Revenue forecasts that fall short of market expectations can lead to negative investor sentiment and a potential decrease in stock price. Given that Power Integrations' forecast is below the estimated revenue, this could lead to a short-term negative impact on its stock price.
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