SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Power Integrations Inc. (POWI) on Wednesday reported profit of $9.8 million in its second quarter.
On a per-share basis, the San Jose, California-based company said it had net income of 17 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 37 cents per share.
The maker of integrated circuits used for power conversion posted revenue of $118.9 million in the period.
For the current quarter ending in September, Power Integrations said it expects revenue in the range of $122 million to $130 million.
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