Impinj Sees Q1 Adj. EPS $0.08-$0.13 vs $0.02 Est., Revenue $72M-$75M vs $70.84M Est.
Portfolio Pulse from Benzinga Newsdesk
Impinj, a leading provider of RAIN RFID solutions, has projected its Q1 adjusted EPS to be between $0.08 and $0.13, surpassing the estimated $0.02. Additionally, the company expects its revenue to range from $72M to $75M, exceeding the forecast of $70.84M.
February 08, 2024 | 9:19 pm
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POSITIVE IMPACT
Impinj projects a higher Q1 adjusted EPS and revenue than estimated, indicating strong financial performance.
Impinj's projection of higher-than-expected adjusted EPS and revenue for Q1 suggests the company is performing better than analysts anticipated. This positive outlook is likely to instill investor confidence and could lead to a short-term increase in stock price, as it indicates both operational efficiency and potential market growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100