Power Integrations Inc reports results for the quarter ended June 30 - Earnings Summary

• Power Integrations Inc POWI.OQ reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of five analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 34 cents to 35 cents per share.

• Revenue rose 9.1% to $115.85 million from a year ago; analysts expected $114.97 million.

• Power Integrations Inc's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $1.37 million.

• Power Integrations Inc shares had fallen by 13.6% this quarter and lost 21.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Power Integrations Inc is $70.00, about 31% above its last closing price of $48.29

This summary was machine generated from LSEG data August 6 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)