Monolithic: 4Q Earnings Snapshot
KIRKLAND, Wash. (AP) _ Monolithic Power Systems Inc. (MPWR) on Thursday reported fourth-quarter earnings of $42.9 million.
On a per-share basis, the Kirkland, Washington-based company said it had net income of 90 cents. Earnings, adjusted for one-time gains and costs, came to $1.31 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The chipmaker posted revenue of $233 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $225.8 million.
For the year, the company reported profit of $164.4 million, or $3.50 per share. Revenue was reported as $844.5 million.
For the current quarter ending in April, Monolithic said it expects revenue in the range of $236 million to $248 million.
Monolithic shares have risen slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $367.60, more than doubling in the last 12 months.