Impinj Q3 Adj $0.56 Beats $0.48 Estimate, Sales $95.20M Beat $92.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Impinj reported Q3 earnings of $0.56 per share, surpassing the $0.48 estimate, and sales of $95.20M, exceeding the $92.88M estimate. This marks a 46.45% increase in sales compared to the same period last year.
October 23, 2024 | 8:18 pm
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POSITIVE IMPACT
Impinj's Q3 earnings and sales exceeded analyst expectations, with a significant year-over-year sales increase of 46.45%.
Impinj's earnings per share and sales both exceeded analyst estimates, indicating strong financial performance. The significant year-over-year sales growth further supports a positive outlook for the stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100