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Monolithic: 3Q Earnings Snapshot

KIRKLAND, Wash. (AP) _ Monolithic Power Systems Inc. (MPWR) on Tuesday reported third-quarter earnings of $29.5 million.

The Kirkland, Washington-based company said it had profit of 64 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.08 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The chipmaker posted revenue of $168.8 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $165.1 million.

For the current quarter ending in December, Monolithic said it expects revenue in the range of $160 million to $166 million.

Monolithic shares have risen 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $144.21, a climb of 26% 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