Power Integrations Expects Q2 Revenues To Be $105M Plus Or Minus $5M, Est $103.533M
Portfolio Pulse from Benzinga Newsdesk
Power Integrations forecasts its Q2 revenues to be around $105 million, plus or minus $5 million, surpassing the estimated $103.533 million.
May 07, 2024 | 8:36 pm
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Power Integrations expects its Q2 revenues to be approximately $105 million, plus or minus $5 million, which is higher than the analyst estimate of $103.533 million.
The positive revenue forecast from Power Integrations is likely to instill investor confidence and could lead to a short-term uptick in its stock price. The forecast surpassing analyst expectations suggests a strong performance and operational efficiency, which are key drivers of stock appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100