Impinj, Inc. (NASDAQ:PI) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, PI to report 3Q20 loss of $ 0.32 per share.
For the full year, analysts anticipate top line of $ 127.83 million, while looking forward to loss of $ 0.68 per share bottom line.
Previous Quarter Performance
Impinj, Inc. announced loss for the second quarter of $ 0.25 per share, from the revenue of $ 26.50 million. The consensus estimates are loss of $ 0.26 per share from $ 26.80 million in revenue. The bottom line results beat street analysts by $ 0.01 or 3.85 percent, at the same time, top line results fell short of analysts by $ 0.3 million or 1.12 percent.
Stock Performance
Shares of Impinj, Inc. traded low $ -0.45 or -1.51 percent on Tuesday, reaching $ 29.35 with volume of 159.50 thousand shares. Impinj, Inc. has traded high as $ 30.54 and has cracked $ 29.09 on the downward trend
According to the previous trading day, closing price of $ 29.35, representing a 159.81 % increase from the 52 week low of $ 11.47 and a 21.56 % decrease over the 52 week high of $ 37.99.
The company has a market capital of $ 670.80 million and is part of the Technology sector and Electronic Components industry.
Conference Call
Impinj, Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.impinj.com
Impinj, Inc. operates a platform that enables wireless connectivity for everyday items by delivering each items unique identity, location, and authenticity to business and consumer applications. Its integrated platform connects everyday items to applications, delivering real-time information to businesses about items they create, manage, transport, and sell.
