Monolithic: 1Q Earnings Snapshot
Monolithic: 1Q Earnings Snapshot
KIRKLAND, Wash. (AP) _ Monolithic Power Systems Inc. (MPWR) on Thursday reported first-quarter net income of $26.2 million.
The Kirkland, Washington-based company said it had profit of 58 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 84 cents per share.
The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 84 cents per share.
The chipmaker posted revenue of $141.4 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $141.2 million.
For the current quarter ending in July, Monolithic said it expects revenue in the range of $147.5 million to $153.5 million.
Monolithic shares have increased 34% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $155.95, an increase of 32% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MPWR at https://www.zacks.com/ap/MPWR