Get the Stockscreener App
70.72
1.46%
+1.0484
Overview
News
Price History
Option Chain
Financials
Why POWI Down?
Discussions
Forecast
Stock Split
Dividend History
Why is Power Integrations Inc. (POWI) Stock down?
We've noticed a 9.14% decline in Power Integrations Inc. (POWI) stock during the 2024-02-13 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
08 Nov, 2023:
Shares of Power Integrations (POWI) dropped by 6.86% from $75.20 to $70.04 in the trading on Wednesday, Novemeber 8, 2023. The reasons why POWI down is due to earnings miss and revenue lag: Power Integrations reported adjusted earnings of 46 cents per share for the third quarter of 2023, missing the Zacks Consensus Estimate by 4.17% and representing a 45.2% year-over-year decrease. Net sales for the quarter decreased 21.7% year over year to $125.5 billion, which also lagged behind the consensus estimate by 4.01%. The decline in revenues was primarily attributed to the slow growth of the appliance market, which constitutes one-fourth of POWI's sales, along with other industrial markets.
0.90%
Cap:
|
Volume (24h):