WASHINGTON (dpa-AFX) - Power Integrations Inc. (POWI) announced a profit for its third quarter that gained ground from last year.
The company said its bottom line climbed to $21.24 million, or $0.72 per share. This was higher than $16.22 million, or $0.55 per share, in last year's third quarter.
Analysts had expected the company to earn $0.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 16.8% to $103.79 million. This was up from $88.88 million last year.
Power Integrations Inc. earnings at a glance:
-Earnings (Q3): $21.24 Mln. vs. $16.22 Mln. last year. -Earnings Growth (Y-o-Y): 30.9% -EPS (Q3): $0.72 vs. $0.55 last year. -EPS Growth (Y-o-Y): 30.9% -Analysts Estimate: $0.62 -Revenue (Q3): $103.79 Mln vs. $88.88 Mln last year. -Revenue Change (Y-o-Y): 16.8%
-Guidance: Next quarter revenue guidance: $101 - Mln
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