Power Integrations Inc. Bottom Line Climbs 31% In Q3

(RTTNews) - Power Integrations Inc. (POWI) announced a profit for its third quarter that gained ground from last year.

The company said its bottom line climbed to $21.24 million, or $0.72 per share. This was higher than $16.22 million, or $0.55 per share, in last year's third quarter.

Analysts had expected the company to earn $0.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 16.8% to $103.79 million. This was up from $88.88 million last year.

Power Integrations Inc. earnings at a glance:

-Earnings (Q3): $21.24 Mln. vs. $16.22 Mln. last year. -Earnings Growth (Y-o-Y): 30.9% -EPS (Q3): $0.72 vs. $0.55 last year. -EPS Growth (Y-o-Y): 30.9% -Analysts Estimate: $0.62 -Revenue (Q3): $103.79 Mln vs. $88.88 Mln last year. -Revenue Change (Y-o-Y): 16.8%

-Guidance: Next quarter revenue guidance: $101 - Mln