Why Impinj Stock Jumped Today
Impinj Inc. (NASDAQ: PI) stock skyrocketed this morning after the company reported fourth-quarter results that beat analysts' consensus earnings and revenue estimates.
The tech stock spiked by as much as 23.8% this morning and was up by 18.6% as of 11:14 a.m. EST.
Impinj's non-GAAP diluted loss per share of $0.15 easily beat Wall Street's estimate of a loss of $0.20 per share. The company's $36.4 million in total sales also outpaced analysts' consensus of $34.9 million.
Source Fool.com
