Monolithic Power Systems, Inc. (MPWR) announced earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $1.449 billion, or $29.88 per share. This compares with $96.9 million, or $1.98 per share, last year.
Excluding items, Monolithic Power Systems, Inc. reported adjusted earnings of $198.4 million or $4.09 per share for the period.
Analysts on average had expected the company to earn $3.98 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 36.9% to $621.7 million from $454.0 million last year.
Monolithic Power Systems, Inc. earnings at a glance (GAAP) :
-Earnings: $1.449 Bln. vs. $96.9 Mln. last year.
-EPS: $29.88 vs. $1.98 last year.
-Revenue: $621.7 Mln vs. $454.0 Mln last year.
-Guidance:
Next quarter revenue guidance: $610.0-$630.0 mln
Net income for the quarter included $1.3 billion for the recognition of a tax benefit granted to a foreign subsidiary.
For comments and feedback: editorial@rttnews.com