How Impinj, Inc. Stock Fell 25.4% in November
Shares of RAIN RFID specialist Impinj (NASDAQ: PI) fell 25.4% in November 2017, according to data from S&P Global Market Intelligence. The stock plunged as much as 35% lower in a single day, following the release of a disappointing earnings report.
In the third quarter, Impinj's top-line sales rose 5% year over year to land at $32.6 million. The year-ago period's adjusted net profit of $0.10 per share turned into a $0.08 loss per share. The sales performance was in line with Wall Street's projections, but analysts had been looking for a smaller loss of $0.03 per share. Guidance for the next quarter also fell far short of the Street's expectations at the time.
Image source: Getty Images.
Source: Fool.com
Impinj Inc Aktie
155,10 €
2,85 %
Die Impinj Inc Aktie wird positiv bewertet: Mehrere Buy-Einschätzungen, keine Sell-Einschätzungen.
Ein leichtes Potenzial nach oben für Impinj Inc mit einem Kursziel von 166 € gegenüber dem aktuellen Kurs von 155.1 €.
