WASHINGTON (dpa-AFX) - Monolithic Power Systems, Inc. (MPWR) announced a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $133.79 million, or $2.79 per share. This compares with $92.54 million, or $1.89 per share, last year.
Excluding items, Monolithic Power Systems, Inc. reported adjusted earnings of $193.81 million or $4.04 per share for the period.
Analysts on average had expected the company to earn $4.00 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 39.2% to $637.55 million from $457.89 million last year.
Monolithic Power Systems, Inc. earnings at a glance (GAAP) :
-Earnings: $133.79 Mln. vs. $92.54 Mln. last year. -EPS: $2.79 vs. $1.89 last year. -Revenue: $637.55 Mln vs. $457.89 Mln last year.
-Guidance: Next quarter revenue guidance: $640 - $660 Mln
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