RFID manufacturer Impinj (NASDAQ:PI) reported Q3 CY2024 results exceeding the market’s revenue expectations , with sales up 46.4% year on year to $95.2 million. Guidance for next quarter’s revenue was also optimistic at $92.5 million at the midpoint, 2.7% above analysts’ estimates. Its non-GAAP profit of $0.56 per share was also 17.2% above analysts’ consensus estimates.
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Impinj (PI) Q3 CY2024 Highlights:
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Revenue: $95.2 million vs analyst estimates of $92.88 million (2.5% beat)
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Adjusted EPS: $0.56 vs analyst estimates of $0.48 (17.2% beat)
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EBITDA: $17.32 million vs analyst estimates of $15.62 million (10.9% beat)
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Revenue Guidance for Q4 CY2024 is $92.5 million at the midpoint, above analyst estimates of $90.09 million
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Adjusted EPS guidance for Q4 CY2024 is $0.47 at the midpoint,…
