Power Integrations (NASDAQ:POWI) reported its Q3 earnings results on Tuesday, November 7, 2023 at 04:01 PM.
Here’s what investors need to know about the announcement.
Earnings
Power Integrations missed estimated earnings by 2.13%, reporting an EPS of $0.46 versus an estimate of $0.47.
Revenue was down $34.72 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 6.37% drop in the share price the next day.
Here’s a look at Power Integrations’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.34 | 0.25 | 0.46 | 0.83 |
| EPS Actual | 0.36 | 0.25 | 0.48 | 0.84 |
| Revenue Estimate | 122.77M | 105.44M | 125.55M | 164.30M |
| Revenue Actual | 123.22M | 106.30M | 124.77M | 160.23M |
To track all earnings releases for Power Integrations visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
