Power Integrations Reports Third-Quarter Financial Results
Power Integrations announced financial results for the quarter ended September 30, 2010.
Net revenues for the third quarter were $75.5 million, up 26% compared with the third quarter of 2009, and down six% compared with the second quarter of 2010. Net income was $12.6 million or $0.43 per diluted share, compared with $9.2 million or $0.32 per diluted share in the year-ago quarter and $15.6 million or $0.53 per diluted share in the second quarter of 2010. Gross margin for the third quarter was 51.7%; operating margin was 20.2%.