Key Developments For Power Integrations, Inc.
Power Integrations, Inc. (POWI.O) (Nasdaq)
Power Integrations, Inc. Issues Q4 2009 Revenue Guidance Above Analysts' Estimates
Power Integrations, Inc. announced that for the fourth quarter of 2009, it expects revenue to increase by 5% to 10% compared with the third quarter of 2009, which would be an increase of between 49% and 56% compared with the fourth quarter of 2008. The Company reported revenue of $60 million for the third quarter of 2009. According to Reuters Estimates, analysts were expecting the Company to report $56 million for the fourth quarter of 2009.
Power Integrations, Inc. Declares Quarterly Dividend; Issues Q3 2009 Revenue Guidance Above Analysts' Estimates
Power Integrations, Inc. announced that it pay a quarterly dividend of $0.025 per share on September 30, 2009 to stockholders of record as of August 31, 2009. The Company also announced that it expects revenue to grow on a year-over-year basis in the third quarter 2009. The Company expects revenues for the third quarter of 2009 to be between $54-$58 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $45 million for the third quarter of 2009.
Power Integrations, Inc. Announces Stock Repurchase Program
Power Integrations, Inc. announced that its Board of Directors has authorized the use of $25 million for the repurchase of the Company's common stock. Purchases will be made according to certain pre determined price/volume guidelines set by the Board of Directors.
Power Integrations, Inc. Declares Quarterly Dividend
Power Integrations, Inc. announced that it will pay a quarterly dividend of $0.025 per share on June 30, 2009 to stockholders of record as of May 29, 2009.
Power Integrations, Inc. Issues Q2 2009 Revenue Guidance Above Analysts' Estimates
Power Integrations, Inc. announced that it expects its revenues for the second quarter of 2009 to be between $39 million and $43 million. According to Reuters Estimates, analysts are expecting the Company to report rvenue of $37 million for second quarter 2009.
