Ride along with driver Jared Baniqued as he negotiates the twists and turns of Sepang International Raceway in the Team UP Dagisik (that’s Tagalog for “Electron”) Shell Eco-marathon entry sponsored by Power Integrations. Following yesterday’s successful test session the team is busy making last minute adjustments in preparation for the race on Thursday.
Power Integrations today announced financial results for the quarter ended March 31, 2019. Net revenues for the first quarter were $89.2 million, down four percent from the prior quarter and down 13 percent from the first quarter of 2018. Net income was $7.2 million or $0.25 per diluted share compared to $0.77 per share in the prior quarter and $0.46 in the first quarter of 2018. (The prior quarter’s results included a tax benefit from the revision of prior estimates of the transition tax from the 2017 U.S.
Power Integrations (Nasdaq: POWI) will release its first-quarter financial results after market hours on Thursday, April 25, 2019, and will host a conference call that day beginning at 1:30 p.m. Pacific time. Members of the investment community can join the conference call by dialing 1-647-689-4187. Live and archived audio webcasts of the conference call will be available on the company’s website at http://investors.power.com.