Power Integrations Inc. Q2 Earnings Rise 25%

(RTTNews) - Power Integrations Inc. (POWI) released a profit for its second quarter that climbed from last year.

The company said its bottom line rose to $17.70 million, or $0.60 per share. This was up from $14.19 million, or $0.47 per share, in last year's second quarter.

Analysts had expected the company to earn $0.51 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 14.0% to $97.17 million. This was up from $85.27 million last year.

Power Integrations Inc. earnings at a glance:

-Earnings (Q2): $17.70 Mln. vs. $14.19 Mln. last year. -Earnings Growth (Y-o-Y): 24.7% -EPS (Q2): $0.60 vs. $0.47 last year. -EPS Growth (Y-o-Y): 27.7% -Analysts Estimate: $0.51 -Revenue (Q2): $97.17 Mln vs. $85.27 Mln last year. -Revenue Change (Y-o-Y): 14.0%

-Guidance: Next quarter revenue guidance: $96 - $102 Mln