12:17 PM EDT, 04/25/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Impinj's ( PI ) shares jumped nearly 26% in recent Thursday trading after the company reported late Wednesday Q1 adjusted earnings of $0.21 per diluted share, down from $0.28 a year earlier.

Analysts polled by Capital IQ expected $0.11.

Revenue for the quarter ended March 31 was $76.8 million, down from $85.9 million a year earlier.

Analysts polled by Capital IQ expected $74.1 million.

For Q2, the company expects adjusted profit of $0.72 to $0.77 per share and revenue of $96 million to $99 million. Analysts polled by Capital IQ are expecting $0.19 earnings per share and revenue of $83.8 million.

Price: 152.30, Change: +31.39, Percent Change: +25.96