Monolithic Power Systems Earnings: Here’s Why the Stock is Up Now
Monolithic Power Systems Inc. (NASDAQ:MPWR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.72%.
Monolithic Power Systems Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 14.29% to $0.24 in the quarter versus EPS of $0.28 in the year-earlier quarter.
Revenue: Decreased 1.55% to $57.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Monolithic Power Systems Inc. reported adjusted EPS income of $0.24 per share. By that measure, the company beat the mean analyst estimate of $0.23. It beat the average revenue estimate of $57.55 million.
Quoting Management: “We are pleased to announce sequential quarterly revenue growth of 12% well above industry average,” said Michael Hsing, CEO and founder of MPS. “With our industry leading products continuing to gain acceptance in cloud computing, industrial and automotive markets, we are now in the new era of growth and diversification.”
Key Stats (on next page)…