Vicor Corp (VICR) has released its financial results for the third quarter, showing a decline in profit compared to the same quarter last year, yet surpassing analysts' projections. The company's net earnings for the quarter were $11.55 million, or $0.26 per share, in contrast to $16.58 million, or $0.37 per share, reported in the previous year's third quarter.
Market analysts, based on data from Thomson Reuters, had anticipated an earnings per share of $0.14, excluding any extraordinary items.
Furthermore, Vicor Corp experienced a revenue decline of 13.5%, totaling $93.2 million for the quarter, down from $107.8 million the previous year.
Key financial highlights for Vicor Corp (GAAP):
- Third Quarter Earnings: $11.55 million compared to $16.58 million in the previous year.
- Earnings Per Share (EPS) for Q3: $0.26 compared to $0.37 last year.
- Third Quarter Revenue: $93.2 million versus $107.8 million last year.
