Company Description
Power Integrations Inc is a provider of analog and mixed-signal semiconductor solutions to original equipment manufacturers and distributors. These solutions are found in mobile phones, computers, entertainment & networking equipment, appliances, industrial controls, and light-emitting diodes. The firm s portfolio of products includes power-conversion products, insulated-gate bipolar transistors, and switches. Roughly half of the firm s revenue is generated in China and Hong Kong, and the rest comes from Taiwan, Korea, Europe, Japan, the United States, and other countries across the world.
Power Integrations Inc. Q1 adjusted earnings Beat Estimates
WASHINGTON (dpa-AFX) - Power Integrations Inc. (POWI) revealed earnings for its first quarter that increased from last year.
The company s bottom line totaled $39.80 million, or $0.65 per share. This compares with $15.89 million, or $0.26 per share, in last year s first quarter.
Excluding items, Power Integrations Inc. reported adjusted earnings of $46.67 million or $0.76 per share for the period.
Analysts had expected the company to earn $0.56 per share, according to figures compiled by Thomson Reuters. Analysts estimates typically exclude special items.
The company s revenue for the quarter rose 58.4% to $173.74 million from $109.66 million last year.
Power Integrations Inc. earnings at a glance:
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In 2018, the U.S. Supreme Court held that a plaintiff was entitled to lost foreign profits under 35 U.S.C. § 284 based on direct acts of infringement in the United States under 35 U.S.C. § 271(f)(2).
WesternGeco LLC v. ION Geophysical Corp., 138 S.Ct. 2129 (2018) (
WesternGeco). The question is: Did
WesternGeco effectively overrule the Federal Circuit’s decision in
Power Integrations, Inc. v. Fairchild Semiconductor Int’l, Inc., 711 F.3d 1348 (Fed. Cir. 2013) (
Power CAFC), which held that a patent owner cannot recover foreign lost profit damages for direct infringement under Section 271(a), even if the direct infringement occurred in the United States?
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Power Integrations Fourth Quarter Earnings Call. [Operator Instructions]
I would now like to hand the conference over to your speaker today, Joe Shiffler, Director of Investor Relations. Thank you. Please go ahead.
Joe Shiffler
Director, Investor Relations and Corporate Communications
Thank you, Mike. Good afternoon, everyone. Thanks for joining us. With me on the call today are Balu Balakrishnan, President and CEO of Power Integrations; and Sandeep Nayyar, our Chief Financial Officer. During this call, we will refer to financial measures not calculated according to GAAP. Non-GAAP measures exclude stock-based compensation expenses, amortization of acquisition-related intangible assets and the tax effects of these items. A reconciliation of non-GAAP measures to our GAAP results is included in our press release.
Power Integrations Inc. Q4 adjusted earnings Beat Estimates
WASHINGTON (dpa-AFX) - Power Integrations Inc. (POWI) reported earnings for fourth quarter that fell from the same period last year.
The company s earnings came in at $27.28 million, or $0.45 per share. This compares with $158.29 million, or $2.64 per share, in last year s fourth quarter.
Excluding items, Power Integrations Inc. reported adjusted earnings of $36.43 million or $0.60 per share for the period.
Analysts had expected the company to earn $0.44 per share, according to figures compiled by Thomson Reuters. Analysts estimates typically exclude special items.
The company s revenue for the quarter rose 31.7% to $150.69 million from $114.46 million last year.