Impinj, Inc. (NASDAQ:PI) Q1 2024 Earnings Call Transcript April 24, 2024 Impinj, Inc. beats earnings expectations. Reported EPS is $0.21, expectations were $0.1. PI isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Hello and welcome to the Impinj First Quarter […]
The Dow Jones Industrial Average trimmed what was a 700-point loss by nearly half by the close Thursday as it sought to recover from an earnings-fueled drop courtesy of component Caterpillar, the worst performer among the Dow's 30 members. Other indexes also got hit as Facebook and Instagram operator Meta Platforms led techs lower, plunging as much as 16% on the stock market today. At least seven other members of the Dow industrials slipped 2 points or more.
Check out why Impinj stock hit a new all-time high after its latest earnings report. Spoiler alert: Investors in the retail sector should take note of these business trends, too.