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

Power Integrations

08/02/2024 22:02

* Power Integrations Inc  POWI.OQ  reported quarterly
adjusted
earnings of 22 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 48 cents.  The mean expectation of
six analysts for the quarter was for earnings of 15 cents per
share. Wall Street expected results to range from 14 cents to 17
cents per share.
    * Revenue fell 28.3% to $89.51 million from a year ago;
analysts
expected $90.17 million. 
    * Power Integrations Inc's reported EPS for the quarter was
25
cents​.
    * The company reported quarterly net income of $14.27
million.
    * Power Integrations Inc shares had fallen by 8.5% this
quarter.

FORECAST CHANGES
    * 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.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Power
Integrations Inc is $81.00 

This summary was machine generated from LSEG data February 8 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.15           0.22           Beat
 Sep. 30 2023      0.47           0.46           Missed
 Jun. 30 2023      0.34           0.36           Beat
 Mar. 31 2023      0.25           0.25           Met