Q3 results are underwhelming with revenues short of Wall Str...

Moomoo AI Nov 7, 2023 15:26

Q3 results are underwhelming with revenues short of Wall Street's estimates. While Power Integrations has a sturdy cash balance, its business strategy and growth prospects are questionable due to these results.

Power Integrations (NASDAQ:POWI) Reports Weak Q3, Stock Drops 14.9%

Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates. Read more

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