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Stock impact report

Power Integrations (POWI) Soars 25% Ahead of Earnings Outcome [Yahoo! Finance]

Power Integrations, Inc. (POWI) 
Last power integrations, inc. earnings: 1/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.power.com
Company Research Source: Yahoo! Finance
Power Integrations climbed by 25.39 percent week-on-week, as investors increased their positions ahead of the results of its earnings performance for the first quarter of the year. In a notice to investors, Power Integrations Inc. (NASDAQ:POWI) said that it is set to release its financial and operating highlights after market close on Thursday, May 7. A conference call will be held to elaborate on the results. Photo by RDNE Stock Project on Pexels The company earlier issued a weak outlook for the said period, with revenues expected to be at $104 million to $109 million, or a 1.4 percent dip to a growth of 3.3 percent from the $105.5 million in the same period last year. However, investors remained confident about its business prospects amid the strong demand from data center and high-performance computing (HPC) players, propelling its share prices during the week. Power Integrations Inc. (NASDAQ:POWI) is engaged in the production of high-power voltage power conversion, whic Show less Read more
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