Power Integrations Inc. (POWI) 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 up at the open Friday and spiked higher in early trade, before settling into a range. Shares finished up by 4.60 at $41.81 on the highest volume of the year. The stock surged past resistance and set a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.