On October 30, Vicor fell 5.14% in After-Hours Trading, trading at $198.0 per share, with turnover of $2.9696 million.
The move followed continued market digestion of the company’s recently reported third-quarter results and earlier raised growth outlook, even after revenue came in above expectations.
Vicor reported third-quarter revenue of $197.1 million, above market expectations near $187.0 million, while diluted EPS was $1.33, below some estimates of $1.37 but up sharply from $0.63 a year earlier. Earlier, the company raised its third-quarter sequential growth guidance to above 30%, up from above 20%, citing higher royalty income tied to a non-exclusive Vertical Power Delivery license. Recent trading updates indicated the stock had strengthened after the earnings release and guidance increase before pulling back as investors reassessed the mixed earnings details and prior gains.
(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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