Vicor Corporation (NASDAQ:VICR) is reporting third quarter earnings results on Thursday 22nd October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.08 per share.
For the full year, analysts predict revenues of $ 286.29 million, while looking forward to income of $ 0.24 per share.
Previous Quarter Performance
Vicor Corporation came out with income for the second quarter of $ 0.06 per share, from the revenue of $ 70.76 million. The consensus estimates are income of $ 0.02 per share from $ 66.13 million in revenue. The bottom line results beat street analysts by $ 0.04 or 200.00 percent, at the same time, top line results outshined analysts by $ 4.63 million or 7.00 percent.
Stock Performance
Shares of Vicor Corporation traded low $ -3.16 or -3.77 percent on Wednesday, reaching $ 80.55 with volume of 135.30 thousand shares. Vicor Corporation has traded high as $ 84.53 and has cracked $ 80.34 on the downward trend
The closing price of $ 80.55, representing a 175.18 % increase from the 52 week low of $ 30.42 and a 7.89 % decrease over the 52 week high of $ 90.88.
The company has a market capital of $ 3.47 billion and is part of the Technology sector and Electronic Components industry.
Conference Call
Vicor Corporation will be hosting a conference call at 5:00 PM eastern time on 22nd 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.vicorpower.com
Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.
