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Impinj: 2Q Earnings Snapshot

July 29, 2019

SEATTLE (AP) _ Impinj Inc. (PI) on Monday reported a loss of $4.2 million in its second quarter.

On a per-share basis, the Seattle-based company said it had a loss of 19 cents. Earnings, adjusted for non-recurring costs and amortization costs, were 3 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The provider of radio frequency identification products posted revenue of $38.2 million in the period.

For the current quarter ending in October, Impinj expects its results to range from a loss of 4 cents per share to earnings of 3 cents per share.

The company said it expects revenue in the range of $37 million to $39 million for the fiscal third quarter.

Impinj shares have more than doubled since the beginning of the year. In the final minutes of trading on Monday, shares hit $35.33, a rise of 54% in the last 12 months.


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

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