| 03-Aug-17 16:06 ET | In Play | Impinj beats by $0.04, beats on revs; guides Q3 EPS below consensus, revs below consensus (47.92 -1.13) :Reports Q2 (Jun) earnings of $0.06 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.02; revenues rose 31.2% year/year to $34.1 mln vs the $33.41 mln Capital IQ Consensus.Co issues downside guidance for Q3, sees EPS of ($0.08)-(0.01), excluding non-recurring items, vs. $0.08 Capital IQ Consensus Estimate; sees Q3 revs of $31.75-33.25 mln vs. $37.69 mln Capital IQ Consensus Estimate."We continue seeing strong indicators of growing adoption of RAIN and the Impinj platform across multiple verticals, including retail, healthcare and logistics," Diorio continued. "However, as we enter the third quarter we see schedule slips in planned rollout expansions at several large end customers, and consequently, we are revising our 2017 full-year endpoint IC estimate to be between 7.0 billion to 7.2 billion units. We remain confident in our market opportunity and will continue investing to enhance our leading market position." |
