Impinj Sees Q4 EPS $0.45-$0.49 Vs $0.40 Est.; Revenue $91M-$94M Vs $90.09M Est.
Portfolio Pulse from Benzinga Newsdesk
Impinj has released its financial outlook for Q4 2024, projecting EPS between $0.45 and $0.49, surpassing the estimated $0.40. Revenue is expected to be between $91M and $94M, also above the $90.09M estimate. The company anticipates a GAAP net loss but a positive adjusted EBITDA.
October 23, 2024 | 8:19 pm
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POSITIVE IMPACT
Impinj's Q4 2024 guidance indicates stronger-than-expected EPS and revenue, suggesting positive market sentiment. Despite a GAAP net loss, the adjusted EBITDA is positive, highlighting operational efficiency.
Impinj's guidance for Q4 2024 shows EPS and revenue above market expectations, which is likely to boost investor confidence and positively impact the stock price in the short term. The positive adjusted EBITDA further supports this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100