Power Integrations: Q4 Earnings Snapshot
By AP News
Published - Feb 06, 2023, 04:27 PM ET
Last Updated - Jun 22, 2023, 11:04 PM EDT
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Power Integrations Inc. (POWI) on Monday reported fourth-quarter net income of $22.8 million.
The San Jose, California-based company said it had net income of 40 cents per share. Earnings, adjusted for one-time gains and costs, were 48 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The maker of integrated circuits used for power conversion posted revenue of $124.8 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $126 million.
