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Power Integrations Inc. Q3 adjusted earnings Beat Estimates

Power Integrations Inc. (POWI) revealed earnings for third quarter that fell from the same period last year.

The company's profit totaled $14.82 million, or $0.24 per share. This compares with $17.10 million, or $0.29 per share, in last year's third quarter.

Excluding items, Power Integrations Inc. reported adjusted earnings of $24.22 million or $0.40 per share for the period.

Analysts had expected the company to earn $0.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.1% to $121.13 million from $114.16 million last year.

Power Integrations Inc. earnings at a glance:

-Earnings (Q3): $24.22 Mln. vs. $23.26 Mln. last year.
-EPS (Q3): $0.40 vs. $0.39 last year.
-Analysts Estimate: $0.36
-Revenue (Q3): $121.13 Mln vs. $114.16 Mln last year.

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