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Impinj (PI) Stock Jumps 34.5% After Blowing Past Q2 Earnings Estimates
Impinj (PI) Stock Jumps 34.5% After Blowing Past Q2 Earnings Estimates
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Impinj (PI) shares surged 34.5% intraday following a strong Q2 earnings beat. The RAIN RFID leader reported revenue of $97.9M and adjusted EPS of $0.80, surpassing analyst expectations of $93.8M and $0.71 respectively. While revenue declined 4.5% year-over-year, the outperformance highlights sustained demand for its item-tracking solutions.
Product synergies between next-gen RFID readers and tags are accelerating adoption across multiple use cases. Management's conservative Q3 guidance aligns with their historical pattern of underpromising and overdelivering—a strategy that continues to reward long-term investors as the stock recovers from previous declines.
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