Investing.com — Shares of semiconductor device company Impinj fell by 12% on Wednesday, following the company’s commentary on its expected fourth-quarter results.
Impinj anticipates its fourth-quarter revenue to align with its 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 analyst expectations. According to data compiled by Bloomberg, analysts predict revenue of approximately $93 million and adjusted Ebitda of $15 million.
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