Impinj Posts Q3 EPS of 15 Cents
PI has more than doubled off its 52-week low of $87.36.
Summary
Impinj reported third-quarter earnings per share of 15 cents, per Dow Jones Newswires, alongside adjusted earnings per share of 69 cents and net income of $4.68M. That follows a Q2 in which revenue of $108.37M beat estimates, gross margin expanded to 58.6% and profitability returned, with record endpoint IC volumes. The headline gives only the EPS line, so there is no read yet on revenue, margin or guidance versus that Q2 baseline. The stock trades near $176 with a roughly $5.4B market cap, so a single quarter's print can move it sharply. Full results and any guidance detail will determine whether the Q2 momentum carried through.
At the time of this announcement, PI was trading at $176.48 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.4B. The 52-week trading range was $87.36 to $245.93. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.