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Why Impinj Stock Jumped Today

TheMotleyFool 
0 0 11.02.21
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.  

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Source Fool.com

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