Monolithic Power gains on strong Q1 revenue forecast

Monolithic Power Systems

07/02/2024 21:43

** Shares of semiconductor-based product maker Monolithic
Power Systems  MPWR.O  rise 6.3% to $686.00 in extended trade
    ** Co forecasts Q1 revenue above estimates on strong demand
for its power control modules and other hardware used in
artificial intelligence applications
    ** Expects Q1 revenue in the range of $437 mln to $457 mln
vs estimates of $430.8 mln - LSEG data
    ** Q4 revenue of $454 mln beat estimates of $452.1
    ** Co reports Q4 profit of $2.88/shr in Q4 vs estimates of
$2.85/shr
    ** MPWR rose ~78.3% in 2023

 (Reporting by Vallari Srivastava)
 ((Srivastava.Vallari@thomsonreuters.com;))