Monolithic: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 02:16 AM ET
Last Updated - Aug 02, 2024, 02:17 AM EDT
KIRKLAND, Wash. (AP) — KIRKLAND, Wash. (AP) — Monolithic Power Systems Inc. (MPWR) on Thursday reported second-quarter earnings of $100.4 million.
On a per-share basis, the Kirkland, Washington-based company said it had net income of $2.05. Earnings, adjusted for stock option expense and pretax expenses, were $3.17 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.07 per share.
The chipmaker posted revenue of $507.4 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $489.9 million.
