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Vicor rises on Q3 revenue beat, strong backlog growth

By Reuters News

** Shares of modular power components maker Vicor VICR.O rise 2.6% to $195.6 premarket

** Posts Q3 revenue of $197.1 mln, up 78.5% from $110.4 mln a year ago, beating analysts' estimates, data compiled by LSEG

** Reports Q3 royalty revenue of $66.61 mln, above previous year's $21.73 mln

** Reports Q3 net income of $63.3 mln or $1.33 per share, up from prior year of $49.8 mln or $1.04 per share

** Q3 backlog soar 166% to $406 mln, indicating strong demand

** All five brokerages rate the stock "buy" or higher; median PT is $375 - LSEG data

** As of last close, stock up 74% YTD

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