Monolithic: Q3 Earnings Snapshot
By AP News
Published - Oct 30, 2024, 04:08 PM ET
Last Updated - Oct 30, 2024, 04:08 PM EDT
KIRKLAND, Wash. (AP) — KIRKLAND, Wash. (AP) — Monolithic Power Systems Inc. (MPWR) on Wednesday reported third-quarter net income of $144.4 million.
On a per-share basis, the Kirkland, Washington-based company said it had net income of $2.95. Earnings, adjusted for stock option expense and pretax expenses, came to $4.06 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.96 per share.
The chipmaker posted revenue of $620.1 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $600.1 million.
