Power Integrations Releases Latest Financial Results

Power Integrations' latest financial report shows that the company's net income in the fourth quarter of last year was $105.2 million, a decrease of 9% from the previous quarter and an increase of 18% from the previous year; net profit was $9.1 million, and diluted earnings per share was $0.16. The full-year net income was $419 million and the net profit was $32.2 million.