BUZZ-Vicor shares rise due to stronger-than-expected Q3 revenue and robust growth in order backlog

October 20 - ** Shares of modular power component manufacturer Vicor (VICR.O) rose 2.6% in pre-market trading to $195.6

** According to data compiled by London Stock Exchange Group (LSEG), the company's third-quarter revenue was $197.1 million, a 78.5% increase from $110.4 million in the same period last year, exceeding analysts' expectations

** The report shows that third-quarter patent licensing revenue (link) was $66.61 million, higher than $21.73 million in the same period last year

** The report shows third-quarter net profit was $63.3 million, or $1.33 per share, compared with $49.8 million, or $1.04 per share, a year ago

** Backlog orders for the third quarter surged 166% to $406 million, indicating strong demand

** All five brokers gave the stock a "buy" or higher rating; median price target is $375—LSEG data

** As of the close of the previous trading day, the stock had risen 74% so far this year

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