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Impinj (PI) Stock Closed Sharply Higher on Strong Q2 Results

NEW YORK (TheStreet) -- Shares of Impinj (PI) jumped 20.82% to $27.57 on heavy trading volume on Thursday after the company posted better-than-expected results for the 2016 second quarter.

After yesterday's closing bell, the Seattle-based radio frequency identification provider reported adjusted earnings of 6 cents per share, which topped analysts' estimates of 2 cents per share.

Revenue for the quarter jumped 36% year-over-year...