Power Integrations today announced financial results for the quarter and year ended

December 31, 2018. Net revenues for the fourth quarter were $93.3 million, down 15

percent from the prior quarter and down 14 percent from the fourth quarter of 2017.

Net income was $22.7 million or $0.77 per diluted share, including a tax benefit reflecting

the revision of prior estimates of the transition tax from the 2017 U.S. tax legislation.

This compares to net income of $0.59 per diluted share in the prior quarter and a net

loss of $0.57 per share in the fourth quarter of 2017, in which the company incurred a

charge associated with the tax legislation. Cash flow from operations was $18.3 million

for the fourth quarter.

Learn more about today's announcement here.