Impinj, which has seen its stock nearly double since its IPO last month, late Wednesday posted a Q2 earnings beat.
Impinj (PI), which has seen its stock nearly double since its IPO last month, late Wednesday posted Q2 earnings per share minus items that handily beat Wall Street expectations, while Q2 sales and its Q3 guidance edged views.
The RFID company said it made 6 cents a share ex items on revenue of $26 million, up 36% from the year-earlier quarter. Analysts polled by Thomson Reuters had expected EPS ex items of 2 cents on revenue of $25.6 million.