Shares of Internet of Things Play Impinj Soar on Strong Earnings and Outlook

Shares of Internet of Things Play Impinj Soar on Strong Earnings and Outlook·Barrons.com
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Impinj stock skyrocketed Thursday after the chip provider offered robust guidance and better-than-expected earnings. For the March quarter, Impinj posted revenue of $76.8 million, with adjusted earnings of 21 cents a share. The company’s guidance had called for revenue between $72 million and $75 million, and adjusted earnings of 8 to 13 cents a share.

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