Power Integrations Sees Q3 Revenue $115M ± $5M Vs $105.050M Est.
Portfolio Pulse from Benzinga Newsdesk
Power Integrations has announced its Q3 revenue guidance of $115 million ± $5 million, which is higher than the estimated $105.050 million.
August 06, 2024 | 8:13 pm
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POSITIVE IMPACT
Power Integrations has provided a Q3 revenue guidance of $115 million ± $5 million, which is above the market estimate of $105.050 million. This positive outlook is likely to boost investor confidence and could lead to a short-term increase in the stock price.
The revenue guidance provided by Power Integrations is significantly higher than the market estimate, indicating strong business performance. This is likely to positively influence investor sentiment and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100