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0 0 0.0232365145228215 0.0232365145228215 0.00331950207468873 -0.012448132780083 -0.012448132780083 0.00580912863070542
Stock impact report

Impinj -7.3% after Q4 misses, soft guidance [Seeking Alpha]

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: Seeking Alpha
Impinj -7.3% after Q4 misses, soft guidanceImpinj (NASDAQ:PI) shares aredown 7.3% aftermarket following Q4 results that missed EPS and revenue estimates.Q1 guidance: Revenue, $23.25M to $25.25M (was: $20M to $22M; consensus: $21.22M); EPS, -$0.42 to -$0.35 (consensus: -$0.34).Management comment (CEO Chris Diorio): "As we announced earlier this month, we anticipate softness in our first-quarter 2018 endpoint IC volumes and revenue due to shortened lead times contributing to a reduction in our order backlog, as well as ongoing reductions in inlay-partner inventory. We remain confident in our market opportunity, position, and in our vision of identifying, locating and authenticating every item in our everyday world, and connecting every one of those items to the cloud."Earnings call is scheduled for 5 PM Eastern Time with a webcast availablehere.Press releasePreviously:Impinj misses by $0.09, misses on revenue (Feb. 15)See all stocks on the move »Now read:TrueCar beats by $0.05, beats on Show less Read more
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