Why Impinj Stock Is Crumbling Today
Shares of Impinj (NASDAQ: PI) were falling this morning after the company reported its first-quarter results late yesterday.
The tech stock had fallen 17.4% as of 11:21 a.m. EDT.
Impinj, a manufacturer of radio-frequency identification devices and software, reported first-quarter sales of $45.2 million, ahead of analysts' consensus estimate of $42.6 million for the quarter. The company also surpassed analysts' earnings estimate of a loss of $0.12 per share and instead reported adjusted diluted earnings of $0.01 per share.
Source Fool.com
