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Impinj Expands Executive Leadership Team with Hire of Brian Wong as Chief Product Officer – Consumer Electronics Net
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Author Bio
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
What happened
Shares of
Impinj (NASDAQ:PI) were falling this morning after the company reported its first-quarter results late yesterday.
The tech stock had fallen 17.4% as of 11:21 a.m. EDT.
So what
Impinj, a manufacturer of radio-frequency identification devices and software, reported first-quarter sales of $45.2 million, ahead of analysts consensus estimate of $42.6 million for the quarter. The company also surpassed analysts earnings estimate of a loss of $0.12 per share and instead reported adjusted diluted earnings of $0.01 per share.