Vicor Corp (VICR) Misses Q1 EPS by 9c

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Vicor Corporation Reports Results for the First Quarter Ended March 31, 2020

April 23, 2020 4:05 PM EDT

ANDOVER, Mass., April 23, 2020 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) today reported financial results for the first quarter ended March 31, 2020.  These results will be discussed later today at 5:00 p.m. Eastern Time, during managements quarterly investor conference call.  The details for the call are presented below. 

Revenues for the first quarter ended March 31, 2020 totaled $63.4 million, a 3.5% decrease from $65.7 million for the corresponding period a year ago, and a 0.4% sequential increase from $63.1 million the fourth quarter of 2019. 

Gross margin decreased to $27.3 million for the first quarter of... More