RFID maker Impinj beats estimates

Impinj beat expectations for its third quarter earnings report, posting $40.8 million in revenue, up 19 percent year-over-year, and non-GAAP earnings per share of $0.09, down from a $0.05 loss last year. Analysts expected revenue of $38.2 million and EPS of $0.00. Shares went up slightly in after-hours trading but dropped back down. Impinj stock has more than doubled this year. The Seattle connected chip maker behind the RAIN RFID system has bounced back from a tumultuous 2018 that included declining revenue and an audit investigation.