Power Integrations Inc. (POWI: Quote) reported first quarter non-GAAP net income of $0.36 per share after the close Thursday, down from $0.40 per share last year. The consensus estimate was for EPS of $0.27.
Power Integrations gapped open higher Friday and has risen sharply in early trade. Shares are now up 5.78 at $42.99 on above average volume. The stock has surged past resistance and has set a new high for the year.
Click here to receive FREE breaking news email alerts for Power Integrations Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org