Power Integrations Q2 2024 Adj. EPS $0.28 Beats $0.26 Estimate, Sales $106.200M Beat $105.050M Estimate
Portfolio Pulse from Benzinga Newsdesk
Power Integrations (NASDAQ:POWI) reported Q2 2024 adjusted EPS of $0.28, beating the estimate of $0.26. Sales were $106.2M, surpassing the $105.05M estimate but down 13.81% from last year's $123.223M.
August 06, 2024 | 8:03 pm
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Power Integrations reported better-than-expected Q2 2024 earnings and sales, but sales were down 13.81% year-over-year.
The company's earnings and sales both beat analyst estimates, which is positive for the stock. However, the year-over-year decline in sales may temper some of the enthusiasm.
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