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

Power Integrations

04/05/2023 22:02

* Power Integrations Inc  POWI.OQ  reported quarterly
adjusted
earnings of 25 cents​​ per share for the quarter ended in March.
The mean expectation of six analysts for the quarter was
for earnings of 25 cents per share.
    * Revenue fell 41.6% to $106.30 million from a year ago;
analysts
expected $105.44 million. 
    * Power Integrations Inc's reported EPS for the quarter was
12
cents​.
    * The mean earnings estimate of analysts had fallen by
about 44.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Power Integrations Inc shares had fallen by 11.7% this
quarter and gained 4.2% so far this year.
    * The company reported quarterly net income of $6.88
million.
    * Wall Street's median 12-month price target for Power
Integrations Inc is $90.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.25           0.25           Met
 Dec. 31 2022      0.46           0.48           Beat
 Sep. 30 2022      0.83           0.84           Beat
 Jun. 30 2022      0.98           1.03           Beat