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Power Integrations Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Power Integrations Inc. (POWI) reported earnings for its second quarter that increased from last year.

The company's bottom line totaled $41.88 million, or $0.68 per share. This compares with $13.19 million, or $0.22 per share, in last year's second quarter.

Excluding items, Power Integrations Inc. reported adjusted earnings of $50.79 million or $0.83 per share for the period.

Analysts had expected the company to earn $0.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 68.6% to $180.11 million from $106.83 million last year.
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