Conclusions: POWI Reports record results 0.31 actual versus 0.20 est.
Notice how POWI broke out yesterday up very strongly and then again today with a particularly nasty NASDAQ.. same thing with PVN.. both had identical 'anticipatory upswing' for 2-3 days prior to their report. They had similar terrific earnings reports. Another that I tracked although did not participate in was SGI.. Check the POWI,SGI and PVN charts and note that the stocks were NOT on strong uptrends right before earnings and were not in OVERBOUGHT situation although PVN was in a very strong uptrend and now has just broken through all resistance and reached a new 52 week high and is technically OVERBOUGHT.
This is perhaps a better learning experience for you than any manual, explanations and theoretical technical analysis lingo. Of course it is not always so clear cut and concrete but I am finding that if you trade less rather than more and are much more circumspect in your trades you will do better. Personally my earnings plays were more difficult this last week, but conversely more profitable because I didn't "jump" on too many of them. I waited for some good ones that were more 'clear cut' and let others pass me by. That is why I am more motivated to get out some good earnings plays this weekend for first week of February because nothing is more educational that just plain tracking of these stocks through a 'cycle' before, through and after earnings.. They won't all hit, but the ones that do will hit strongly.
SUNNYVALE, Calif., Jan. 21 /PRNewswire/ -- Power Integrations, Inc. (Nasdaq: POWI - news) today announced financial results for its fourth quarter and fiscal year ended Dec. 31, 1998.
Net revenues for the fourth quarter of 1998 were $20.2 million, up 30 percent from net revenues of $15.5 million recorded in the fourth quarter of 1997. Net income for the fourth quarter of 1998 was $4.2 million, an increase of 75 percent from net income of $2.4 million reported in the comparable period of 1997. Fourth quarter earnings per share, on a diluted basis, were $0.31 on approximately 13.5 million shares outstanding, compared with $0.22 per share on approximately 10.8 million shares outstanding in the fourth quarter of 1997.
For the year ended Dec. 31, 1998, Power Integrations reported net revenues of $70 million, up 52 percent from $46 million reported in 1997. Net income for 1998 was $12.7 million, up 165 percent from $4.8 million in 1997. Diluted earnings per share for the year ended Dec. 31, 1998 were $0.96 on approximately 13.2 million shares outstanding, compared with $0.51 per share on approximately 9.3 million shares outstanding at Dec. 31, 1997.
POWER INTGRATIO POWI 0.31 0.20 0.22 29.8% |
