Here's Why Impinj Stock Is Soaring Today
Impinj (NASDAQ: PI) stock is making big gains following the company's third-quarter earnings release. The radio-frequency identification (RFID) specialist's share price was up roughly 25% on Thursday's trading as of 1:45 p.m. EDT.
Impinj issued its Q3 results after the market closed on Oct. 27, posting sales and earnings results for the period that beat the average analyst targets. The company reported an adjusted loss of $0.04 per share on revenue of $45.2 million, while the average analyst estimate had called for a loss of $0.10 per share on sales of $44.1 million.
Image source: Impinj.
Source Fool.com
