Vicor Corporation's stock experienced a significant 24-hour plunge of 12.33% during after-hours trading on Thursday. The sharp decline followed the release of the company's fourth-quarter financial results.
The power components maker reported quarterly revenue of $107.3 million, which slightly missed the analyst consensus estimate of $107.8 million. This revenue shortfall occurred despite Vicor delivering strong earnings per share of $1.01, significantly exceeding the $0.33 estimate.
Market reaction to the revenue miss was immediate and negative, overshadowing other positive aspects of the earnings report including a substantial year-over-year increase in product revenue and a significant tax benefit that boosted net income. The after-hours selloff reflects investor concerns about the company's revenue performance relative to expectations.