Investing.com — Shares of semiconductor device company Impinj fell 12% on Wednesday, following the company’s comments on expected fourth-quarter results.
Impinj expects fourth-quarter revenue to be in line with previous guidance of $91 million to $94 million. Similarly, the company expects its adjusted Ebitda to fall within its earlier guidance of $13.6 million to $15.1 million.
These projections are in line with analysts’ expectations. According to data compiled by Bloomberg, analysts forecast revenue of approximately $93 million and adjusted EBITDA of $15 million.
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