Monolithic Power Systems, Inc. (NASDAQ:MPWR) is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.68 per share.
Looking ahead, the full year income are expected at $ 4.82 per share on the revenues of $ 808.18 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 257.00 million ~ $ 259.00 million
Click Here For More Historical Outlooks Of Monolithic Power Systems, Inc.
Previous Quarter Performance
Monolithic Power Systems, Inc. announced income for the second quarter of $ 1.08 per share, from the revenue of $ 186.21 million. The quarterly earnings elevated 17.39 percent while revenues increased 23.31 percent compared with the same quarter last year.
Wall street analysts are predicting, MPWR to report 2Q20 income of $ 1.00 per share from revenue of $ 169.83 million. The bottom line results beat street analysts by $ 0.08 or 8.00 percent, at the same time, top line results outshined analysts by $ 16.38 million or 9.64 percent.
Stock Performance
Shares of Monolithic Power Systems, Inc. traded low $ -16.12 or -5.04 percent on Wednesday, reaching $ 303.76 with volume of 287.50 thousand shares. Monolithic Power Systems, Inc. has traded high as $ 319.50 and has cracked $ 303.55 on the downward trend
According to the previous trading day, closing price of $ 303.76, representing a 145.83 % increase from the 52 week low of $ 130.12 and a 1.63 % decrease over the 52 week high of $ 325.18.
The company has a market capital of $ 14.67 billion and is part of the Technology sector and Semiconductors industry.
Monolithic Power Systems, Inc. designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.
