Shares of Monolithic Power Systems MPWR were flat in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 17.39% year over year to $1.08, which beat the estimate of $1.00.
Revenue of $186,209,000 higher by 23.31% from the same period last year, which beat the estimate of $169,730,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Q3 revenue expected to be between $200,000,000 and $210,000,000.
Conference Call Details
Date: Jul 28, 2020
Time: 05:00 PM
ET Webcast URL: https://mpsic.zoom.us/j/96497779610#success
Technicals
Company's 52-week high was at $255.69
52-week low: $130.12
Price action over last quarter: Up 21.58%
Company Description
Monolithic Power Systems designs power solutions for a variety of end markets, including industrial, automotive, computing, storage, communications infrastructure, and consumer products. The firm designs switches, converters, lighting, sensors, and control-integrated circuits.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.