Impinj Slashes Guidance Due To Customer Delays

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.

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Q2 2017

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Source: Fool.com