Impinj (PI) Releases Earnings Results, Beats Expectations By $0.04 EPS

Impinj (PI) reported quarterly earnings results on Wednesday, Aug-31-2016. The company said it had a profit of $0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.02. The company posted revenue of $47.60 million in the period, compared to analysts expectations of $25.31 million. The company’s revenue was up 35.2% compared to the same quarter last year.

Many Wall Street Analysts have commented on Impinj. RBC Capital Mkts Initiated Impinj on Aug 15, 2016 to “Outperform”, Price Target of the shares are set at $25.Piper Jaffray Initiated Impinj on Aug 15, 2016 to “Overweight”, Price Target of the shares are set at $24.Pacific Crest Initiated Impinj on Aug 15, 2016 to “Overweight”, Price Target of the shares are set at $24.

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