Power Integrations: Q3 Earnings Insights

Power Integrations POWI reported its Q3 earnings results on Tuesday, November 7, 2023 at 04:01 PM.

Here's what investors need to know about the announcement.

Power Integrations missed estimated earnings by 2.13%, reporting an EPS of $0.46 versus an estimate of $0.47.

Revenue was down $34.72 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 6.37% drop in the share price the next day.

Here's a look at Power Integrations's past performance:

Quarter	Q2 2023	Q1 2023	Q4 2022	Q3 2022
EPS Estimate	0.34	0.25	0.46	0.83
EPS Actual	0.36	0.25	0.48	0.84
Revenue Estimate	122.77M	105.44M	125.55M	164.30M
Revenue Actual	123.22M	106.30M	124.77M	160.23M

To track all earnings releases for Power Integrations visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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