Monolithic Power Systems Inc reports results for the quarter ended in June - Earnings Summary

Monolithic Power Systems

31/07/2023 22:01

* Monolithic Power Systems Inc  MPWR.OQ  reported quarterly
adjusted earnings of $2.82​​ per share for the quarter ended in
June. The mean expectation of thirteen analysts for the quarter
was for earnings of $2.80 per share.
    * Revenue fell 4.3% to $441.13 million from a year ago;
analysts
expected $440.33 million. 
    * Monolithic Power Systems Inc's reported EPS for the
quarter was
$2.04​.
    * The mean earnings estimate of analysts had fallen by
about 6.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Monolithic Power Systems Inc shares had risen by 1.0% this
quarter and gained 54.3% so far this year.
    * The company reported quarterly net income of $99.5
million.
    * Wall Street's median 12-month price target for Monolithic
Power
Systems Inc is $570.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
31 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      2.80           2.82           Beat
 Mar. 31 2023      2.96           3.00           Beat
 Dec. 31 2022      3.15           3.17           Beat
 Sep. 30 2022      3.50           3.53           Beat