Vicor rises on Q3 revenue beat, strong backlog growth

Vicor

Tue 13:12

** Shares of modular power components maker Vicor VICR.O rise 2.6% to $195.6 premarket
** Posts Q3 revenue of $197.1 mln, up 78.5% from $110.4 mln a year ago, beating analysts' estimates, data compiled by LSEG
** Reports Q3 royalty revenue of $66.61 mln, above previous year's $21.73 mln 
** Reports Q3 net income of $63.3 mln or $1.33 per share, up from prior year of $49.8 mln or $1.04 per share
** Q3 backlog soar 166% to $406 mln, indicating strong demand
** All five brokerages rate the stock "buy" or higher; median PT is $375 - LSEG data
** As of last close, stock up 74% YTD

 (Reporting by Anand Gopal in Bengaluru)
 ((AnandGopal.R@thomsonreuters.com))