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Stock impact report

Impinj Crushed Wall Street's Estimates in This Earnings Report Under COVID-19 [The Motley Fool]

Impinj, Inc. (PI) 
Last impinj, inc. earnings: 4/27 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.impinj.com
Company Research Source: The Motley Fool
Radio frequency identification (RFID) specialistImpinjNASDAQ:PIImpinj's first-quarter results by the numbersMetricQ 00Q 09ChangeAnalyst ConsensusRevenue$7.8 million$. million%$8. millionGAAP net income (loss)($. million)($7. million)9%N/AAdjusted earnings (loss) per diluted share$0.($0.)($0.06)Data source: Impinj.As a supplier of behind-the-scenes infrastructure tools for the healthcare industry, Impinj saw its revenues skyrocket in the coronavirus era. Your average analyst would have settled for a 6% year-over-year sales boost and Impinj nearly tripled that growth rate.Several major customers across the automotive, aviation, and retail industries placed an unexpected cluster of orders for RFID endpoints near the end of March, adding $6. million of rush orders to Impinj's revenue line. These expedited orders may match up with lower order volumes from the same client in the next few quarters, as the customers stocked up their RFID supplies heading into a period of great uncertainty.Ima Show less Read more
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