Author Bio
Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you ll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.
Hypoallergenic. Contains six flavors not found in nature. Believes in coyotes and time as an abstract.
We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
What happened
Shares of
VOXX International (NASDAQ:VOXX) rose 58% in Tuesday s premarket trading, lifted by a strong third-quarter earnings report.
So what
The maker of consumer electronics and automotive entertainment systems saw third-quarter sales rise 83% year over year to $201 million. Earnings jumped from $0.10 to $0.74 per share. Your average Wall Street analyst would have settled for earnings near $0.02 per share on revenue in the vicinity of $113 million.
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Intelligent Power Module Market worth $2.4 billion by 2025 - Exclusive Report by MarketsandMarkets
Intelligent Power Module Market With COVID-19 Impact Analysis by Voltage Rating, Current Rating, Circuit Configuration, Power Devices (IGBT & MOSFET), Vertical (Consumer Electronics, Industrial, Automotive), and Region - Global Forecast to 2025 , published by MarketsandMarkets, the market was valued at USD 1.5 billion in 2020 and is projected to reach USD 2.4 billion by 2025. It is expected to grow at a CAGR of 9.6% during the forecast period. Rising focus towards renewable power sources, growing adoption of electric vehicles, and increasing reliability through an enhanced level of monitoring are the key driving factors for the intelligent power module market.