SAN JOSE, Calif.--(EON: Enhanced Online News)--Power Integrations (Nasdaq:POWI) will release its fourth-quarter financial results after market hours on Wednesday, February 1, 2017, and will host a conference call on February 2 beginning at 8:00 a.m. Pacific time.
Effective January 1, 2017, Power Integrations has adopted the Financial Accounting Standards Board’s new standards for revenue recognition (ASC 606). In conjunction with its earnings release on February 1, the company will make available on its website recast financial statements for fiscal years 2015 and 2016 (and each of the quarters thereof), calculated as if the new standards had been in effect for those periods. Under the new standards the company’s full-year 2015 revenues and its revenues for the first nine months of 2016 each differed by less than $1 million from the revenues originally reported.
Members of the investment community can join the conference call on February 2 by dialing 1-647-788-4901. Live and archived audio webcasts of the conference call will be available on the company’s website at http://investors.power.com.
Power Integrations’ chief financial officer, Sandeep Nayyar, will present at the Needham Growth Conference on Wednesday, January 11, 2017 at 1:30 p.m. ET. A webcast of the presentation will be available at http://investors.power.com.
About Power Integrations
Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power-conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information please visit www.power.com.
Power Integrations and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc. All other trademarks are property of their respective owners.