Power Integrations, Inc. (NASDAQ:POWI) is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.36 per share.
For the full year, analysts predict revenues of $ 447.68 million, while looking forward to income of $ 1.43 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 110.00 million ~ $ 120.00 million
Click Here For More Historical Outlooks Of Power Integrations, Inc.
Previous Quarter Performance
Power Integrations, Inc. came out with income for the second quarter of $ 0.66 per share, from the revenue of $ 106.83 million. The quarterly earnings escalated 17.86 percent while revenues elevated 3.85 percent compared with the same quarter last year.
Street analysts expected Power Integrations, Inc. to report income of $ 0.64 per share on revenue of $ 106.36 million for the second quarter. The bottom line results beat street analysts by $ 0.02 or 3.13 percent, at the same time, top line results outshined analysts by $ 0.47 million or 0.44 percent.
Stock Performance
Shares of Power Integrations, Inc. traded low $ -3.86 or -6.50 percent on Wednesday, reaching $ 55.53 with volume of 419.40 thousand shares. Power Integrations, Inc. has traded high as $ 58.67 and has cracked $ 55.31 on the downward trend
According to the previous trading day, closing price of $ 55.53, representing a 53.98 % increase from the 52 week low of $ 38.57 and a 6.77 % decrease over the 52 week high of $ 63.70.
The company has a market capital of $ 3.32 billion and is part of the Technology sector and Semiconductors industry.
Conference Call
Power Integrations, Inc. will be hosting a conference call at 4:30 PM eastern time on 29th 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.power.com
Power Integrations, Inc. designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, and other consumer and industrial applications, as well as light-emitting diode lighting.
