Power Integrations (POWI) Q1 Earnings Surpass Estimates

Power Integrations (POWI) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.71%. A quarter ago, it was expected that this maker of integrated circuits used for power conversion would post earnings of $0.27 per share when it actually produced earnings of $0.30, delivering a surprise o ...