Why Vicor Stock Plummeted by 23% on Wednesday

Power module specialist Vicor's (NASDAQ: VICR) was looking anything but powerful on Wednesday, as its shares lost more than 23% of their value. The culprit was a quarterly earnings report that investors found not to their liking, to put it mildly. Vicor's slide came on a not-bad day for stocks overall, which saw the S&P 500 index close up marginally (by almost 0.2%).Vicor published its first-quarter earnings after market hours on Tuesday, and the market's blowback was strong the following day. The report revealed that revenue was just shy of $94 million for the period. Although this number was 12% higher than the first quarter of 2024's result, it landed notably short of the average analyst estimate of over $97 million.The situation on the bottom line was more discouraging. Again, the result was better, but it still missed the consensus projection. Vicor's GAAP (generally accepted accounting principles) net income was $2.5 million ($0.06 per share), far better than the $14.5 million loss the company posted in the year-ago quarter. Yet, the clutch of analysts tracking the stock were expecting far better, with a collective $0.29 per-share profit estimate.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool