Monolithic Power Systems, Inc. Up on Strong Guidance

Shares of Monolithic Power Systems are up more than five percent after Monday's close following strong guidance. The company expects Q2 revenue from $91M to $95M vs the $91.5M estimate.

First quarter EPS was $0.45 vs $0.44 estimates and revenue was $84.5 million vs $83 million estimates.

Report Highlights

Cash and equivalents dropped to $77.81 million from $90.86 million in the quarter ended December 31.

Sales rose 14.9 percent year over year to $84.51 million.

Gross profit margin was flat at 53.85 percent year over year.

"We continue to grow, we continue to invest, and we continue to enhance shareholder value," said Michael Hsing, CEO and founder of MPS.