Monolithic Power Systems, Inc.(NASDAQ:MPWR) is edging lower in late trading after the company reported that mixed financial results for Q1, and provided guidance for Q2 revenue in line with analysts’ expectations.
Shares are down 0.24% at $38, with a 52-week range of $22.20 – $39.80.
The fabless semiconductor company that designs, develops and markets analog and mixed-signal semiconductors reported Q1 earnings of $0.39 per share, ex one-time items, compared with the prior-year period’s $0.17 per share. Revenue was $60.06 million, up 16.7% from $51.47 million in the same quarter last year.
Analysts polled by Capital IQ were expecting EPS of $0.26 on revenues of $60.2 million. The company expects Q2 revenue of $65 million – $69 million, versus the Street view of $66.08 million.
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The global computing company, which provides connectivity solutions for data centers and service providers, reported Q4 GAAP net income of $23.1 million or $0.30 per diluted share, compared with GAAP net loss of $17.6 million, or $0.26 per share, in the same quarter in 2013. Non-GAAP net income was $0.7 million, or $0.01 per diluted share, compared with the prior-year period’s $0.1 million, or $0.00 per diluted share. The Capital IQ consensus estimate is for EPS of $0.00.
Revenue was $51.8 million, down 8% from $56.3 million in the same quarter last year. Analysts were expecting revenues of $52.32 million.
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