Power Integrations Inc reports results for the quarter ended in December - Earnings Summary

Power Integrations

06/02/2023 22:02

* Power Integrations Inc  POWI.OQ  reported quarterly
adjusted
earnings of 48 cents​​ per share for the quarter ended in
December. The mean expectation of six analysts for the quarter
was for earnings of 46 cents per share.
    * Revenue fell 27.7% to $124.77 million from a year ago;
analysts
expected $125.55 million. 
    * Power Integrations Inc's reported EPS for the quarter was
40
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Power Integrations Inc shares had risen by 24.8% this
quarter.
    * The company reported quarterly net income of $22.82
million.
    * Wall Street's median 12-month price target for Power
Integrations Inc is $72.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
6 at 10:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.46           0.48           Beat
 Sep. 30 2022      0.83           0.84           Beat
 Jun. 30 2022      0.98           1.03           Beat
 Mar. 31 2022      0.87           0.93           Beat