SAN JOSE, Calif. (AP) _ Monolithic Power Systems Inc. (MPWR) on Thursday reported fourth-quarter net income of $12.1 million.
On a per-share basis, the San Jose, California-based company said it had profit of 27 cents. Earnings, adjusted for pretax expenses and stock option expense, came to 82 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The chipmaker posted revenue of $129.4 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $126.5 million.
For the year, the company reported profit of $65.2 million, or $1.50 per share. Revenue was reported as $470.9 million.
For the current quarter ending in April, Monolithic said it expects revenue in the range of $122 million to $128 million.
Monolithic shares have decreased nearly 8 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $103.82, an increase of 15 percent in the last 12 months.
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