Benzinga | Oct 29, 2020 04:23PM EDT

Power Integrations Q3 EPS $0.40 Beats $0.36 Estimate, Sales $121.10M Beat $115.00M Estimate

Power Integrations (NASDAQ:POWI) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.36 by 11.11 percent. This is a 48.72 percent decrease over earnings of $0.78 per share from the same period last year. The company reported quarterly sales of $121.10 million which beat the analyst consensus estimate of $115.00 million by 5.30 percent. This is a 6.08 percent increase over sales of $114.16 million the same period last year.