Impinj: Q1 Earnings Snapshot
By AP News
Published - Apr 24, 2024, 04:40 PM ET
Last Updated - May 27, 2024, 01:08 AM EDT
SEATTLE (AP) — SEATTLE (AP) — Impinj Inc. (PI) on Wednesday reported first-quarter earnings of $33.3 million.
The Seattle-based company said it had net income of $1.10 per share. Earnings, adjusted for non-recurring gains, were 21 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The provider of radio frequency identification products posted revenue of $76.8 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $73.6 million.
