Monolithic Power Systems, Inc. Q2 Profit Increases, Beats Estimates

(RTTNews) - Monolithic Power Systems, Inc. (MPWR) released a profit for its second quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $100.37 million, or $2.05 per share. This compares with $99.5 million, or $2.04 per share, in last year's second quarter.

Excluding items, Monolithic Power Systems, Inc. reported adjusted earnings of $155.08 million or $3.17 per share for the period.

Analysts on average had expected the company to earn $3.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.0% to $507.4 million from $441.1 million last year.

Monolithic Power Systems, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $100.37 Mln. vs. $99.5 Mln. last year. -EPS (Q2): $2.05 vs. $2.04 last year. -Revenue (Q2): $507.4 Mln vs. $441.1 Mln last year.

-Guidance: Next quarter revenue guidance: $590-$610 Mln