Power Integrations Inc. Bottom Line Advances In Q2

(RTTNews) - Power Integrations Inc. (POWI) revealed a profit for its second quarter that increased from the same period last year

The company's earnings totaled $55.82 million, or $0.96 per share. This compares with $41.88 million, or $0.68 per share, in last year's second quarter.

Excluding items, Power Integrations Inc. reported adjusted earnings of $59.92 million or $1.03 per share for the period.

The company's revenue for the quarter rose 2.2% to $183.99 million from $180.11 million last year.

Power Integrations Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $55.82 Mln. vs. $41.88 Mln. last year. -EPS (Q2): $0.96 vs. $0.68 last year. -Revenue (Q2): $183.99 Mln vs. $180.11 Mln last year.