Refile: BUZZ-Vicor surges after Q3 beat, AI power delivery update

Vicor

23/10/2024 16:47

(Refiles to remove extraneous words in 1st bullet)
** Vicor Corp's  VICR.O  shares surge 15.7% to $50.29, over 1-yr
high, on Weds after qtrly results beat estimates and co said
nearing delivery of new vertical power delivery (VPD) system for
artificial-intelligence processors
    ** VICR 2nd best performer in S&P 1500 index  .SPSUP  on the
session and set for biggest daily pct gain since Jul 26, 2023
    ** Massachusetts-based maker of modular power
components late Tues posted Q3 rev of $93 mln, down 13.6% y/y,
and adj EPS of 26 cents vs 37 cents/sh a yr ago
    ** But consensus among 3 analysts called for rev of $85.2
mln, while avg estimate of 2 analysts for earnings was 14 cents,
according to LSEG data
** CEO Patrizio Vinciarelli said co close to initial deliveries
of its second
    
      
    
  
    
      
    
  

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))