Impinj Reports Third Quarter Earnings Beat with Revenue Growth and Positive Q4 Guidance
Impinj (NASDAQ: PI) reported third-quarter financial results that exceeded market expectations for both earnings and revenue. The company posted a Non-GAAP earnings per share (EPS) of $0.69, surpassing consensus estimates by $0.08, while total revenue reached $112.1 million, representing a 16.7% increase year-over-year. The results reflect strong operational momentum as the company outperformed revenue estimates by approximately $4.95 million. Looking ahead to the fourth quarter, Impinj provided guidance that suggests continued activity, with market consensus currently anticipating revenue of $99.28 million and a Non-GAAP EPS of $0.48.
Tickers: $PI