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Why Impinj Stock Is Plummeting Today

The Motley Fool Logo The Motley Fool By Keith Noonan
Why Impinj Stock Is Plummeting Today

Impinj experienced a stock price decline despite beating Q3 earnings expectations, primarily due to soft sales guidance for the current quarter and potential Federal Reserve interest rate policy implications.

Insights
PI   negative

Stock dropped 9.7% due to lower-than-expected sales guidance for the next quarter, projecting a year-over-year sales decline and modest reduction in RFID tag and systems revenue