On October 30, Vicor fell 5.09% in Regular Trading, trading at $205.42 per share, with turnover of $43.0 million.
The move came as the market continued to digest the company’s third-quarter results and previously raised growth outlook, even after earlier share strength following the earnings release.
Vicor reported third-quarter revenue of $197.1 million, above market expectations of about $187.0 million, while EPS was $1.33, below some estimates of $1.37 but up sharply from $0.63 a year earlier. Earlier, the company had raised its third-quarter sequential growth guidance to more than 30% from more than 20%, citing higher royalty income tied to a non-exclusive Vertical Power Delivery license. The latest session decline appears to reflect continued post-earnings digestion after the prior run-up.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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