Impinj Slashes Guidance Due To Customer Delays
RAIN radio-frequency identification solutions provider Impinj (NASDAQ: PI) reported its second-quarter results after the market closed on August 3. The company posted solid revenue growth and managed to keep adjusted earnings flat year-over-year, but its guidance for the third-quarter called for a dramatic slowdown, driven by a slashed outlook for full-year endpoint IC shipments. A few large customers have delayed expanded roll-outs, pushing revenue into the future and knocking down near-term guidance. Here's what investors need to know about Impinj's second-quarter report.
Metric
Q2 2017
Source: Fool.com
Impinj Inc Stock
€168.70
3.090%
The stock is one of the favorites of our community with 24 Buy predictions and 1 Sell predictions.
As a result the target price of 179 € shows a slightly positive potential of 6.11% compared to the current price of 168.7 € for Impinj Inc.
