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Power Integrations: Q2 Earnings Snapshot
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SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Power Integrations Inc. (POWI) on Wednesday reported profit of $9.8 million in its second quarter.

On a per-share basis, the San Jose, California-based company said it had net income of 17 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 37 cents per share.

The maker of integrated circuits used for power conversion posted revenue of $118.9 million in the period.

For the current quarter ending in September, Power Integrations said it expects revenue in the range of $122 million to $130 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on POWI at https://www.zacks.com/ap/POWI

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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