05:48 PM EDT, 10/23/2024 (MT Newswires) -- Impinj ( PI ) reported Q3 non-GAAP net income late Wednesday of $0.56 per diluted share, compared with a break-even a year earlier.

Analysts polled by Capital IQ expected $0.48.

Revenue for the quarter ended Sept. 30 was $95.2 million, up from $65 million a year earlier.

Analysts polled by Capital IQ expected $92.9 million.

For Q4, the company expects non-GAAP net income of $0.45 to $0.49 per share and revenue of $91 million to $94 million. Analysts polled by Capital IQ are expecting $0.40 and $90.1 million, respectively.

Shares were down about 2.9% in after-hours activity.

Price: 216.01, Change: -6.45, Percent Change: -2.90