Power-One Inc. (PWER) reported second quarter net income of $0.17 per share after the bell Thursday, compared to the loss of $0.08 per share last year. The consensus estimate was for a profit of $0.10.
Power-One Inc. gapped open sharply higher Friday and is now up 1.57 at $11.53. The stock has risen above a one-week range and has 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.