Monolithic: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 05:03 PM ET
Last Updated - Jun 21, 2023, 10:37 PM EDT
KIRKLAND, Wash. (AP) — KIRKLAND, Wash. (AP) — Monolithic Power Systems Inc. (MPWR) on Thursday reported first-quarter profit of $109.8 million.
On a per-share basis, the Kirkland, Washington-based company said it had profit of $2.26. Earnings, adjusted for one-time gains and costs, came to $3 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.99 per share.
The chipmaker posted revenue of $451.1 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $450.5 million.
