Power Integrations Q1 2024 Adj EPS $0.18 Beats $0.12 Estimate, Sales $91.688M Beat $89.950M Estimate
Portfolio Pulse from Benzinga Newsdesk
Power Integrations (NASDAQ:POWI) reported Q1 2024 adjusted EPS of $0.18, surpassing the $0.12 estimate, with sales of $91.688M also beating the $89.950M forecast. However, these figures represent a decrease from the previous year, with earnings down 28% and sales down 13.74%.
May 07, 2024 | 8:04 pm
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Power Integrations reported higher-than-expected Q1 2024 earnings and sales, with an EPS of $0.18 against estimates of $0.12 and sales of $91.688M vs. $89.950M estimates.
The positive earnings and sales beat by Power Integrations (POWI) for Q1 2024, exceeding analyst expectations, typically leads to a positive short-term impact on the stock price. Despite the year-on-year decrease in both earnings and sales, the company's ability to surpass market expectations can be viewed positively by investors, potentially leading to an uptick in stock price in the short term.
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