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. 

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Source Fool.com