Impinj gains after Q1 results beat

Impinj

24/04/2025 17:42

** Shares of semiconductor company Impinj PI.O jump 18.2% to $91.02 in afternoon trading after co's  Q1 results beat estimates

** Stock on track for fifth consecutive session of gains, its longest winning streak since November

** Co's Q1 adj. EPS of 21 cents surpasses Wall Street estimates of 8 cents - data compiled by LSEG

** Q1 revenue of $74.28 mln above analysts' expectations of $71.73 mln

** All eight analysts covering stock rate it "buy" or higher, median PT is $130 - LSEG

** With session's moves, PI down about 37% YTD

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))