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Stock impact report

Power Integrations Reports Third-Quarter Financial Results

Power Integrations, Inc. (POWI) 
Last power integrations, inc. earnings: 1/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.power.com
Company Research Source: Business Wire
Revenues were $115.8 million; GAAP earnings were $0.25 per diluted share; non-GAAP earnings were $0.40 per diluted shareAnnounces five-percent dividend increase and $50 million share-repurchase authorization SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations (NASDAQ: POWI) today announced financial results for the quarter ended September 30, 2024. Net revenues for the third quarter were $115.8 million, up nine percent from the prior quarter and down eight percent from the third quarter of 2023. GAAP net income for the third quarter was $14.3 million or $0.25 per diluted share compared to $0.09 per diluted share in the prior quarter and $0.34 per diluted share in the third quarter of 2023. Cash flow from operations for the third quarter was $32.9 million.In addition to its GAAP results, the company provided non-GAAP measures that exclude stock-based compensation, amortization of acquisition-related intangible assets and the related tax effects. Non-GAAP net income for the third q Show less Read more
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