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

Power Integrations

04/08/2023 01:01

* Power Integrations Inc  POWI.OQ  reported quarterly
adjusted
earnings of 36 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 34 cents per share.
    * Revenue fell 33% to $123.22 million from a year ago;
analysts
expected $122.40 million. 
    * Power Integrations Inc's reported EPS for the quarter was
26
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.4%
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 fallen by 3.6% this
quarter and gained 27.2% so far this year.
    * The company reported quarterly net income of $14.79
million.
    * Wall Street's median 12-month price target for Power
Integrations Inc is $95.50 
    * 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 LSEG Refinitiv data
August 4 at 12:01 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.34           0.36           Beat
 Mar. 31 2023      0.25           0.25           Met
 Dec. 31 2022      0.46           0.48           Beat
 Sep. 30 2022      0.83           0.84           Beat