Impinj Sees Q3 Adj. EPS $0.46-$0.50 Vs $0.74 Est.; Revenue $91M-$94M Vs $97.52M Est.
Portfolio Pulse from Benzinga Newsdesk
Impinj has released its Q3 financial guidance, projecting adjusted EPS between $0.46 and $0.50, which is below the estimated $0.74. The company also expects revenue between $91 million and $94 million, falling short of the estimated $97.52 million.
July 24, 2024 | 8:17 pm
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Impinj's Q3 financial guidance indicates lower-than-expected adjusted EPS and revenue, which could negatively impact the stock price in the short term.
The lower-than-expected EPS and revenue guidance suggests that Impinj may be facing challenges, which could lead to a negative market reaction and a potential drop in stock price.
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