Monolithic Power Systems Q2 Adj EPS $2.82 Beats $2.81 Estimate, Sales $441.13M Beat $440.46M Estimate
Portfolio Pulse from bharat@benzinga.com
Monolithic Power Systems (NASDAQ:MPWR) reported Q2 earnings of $2.82 per share, beating the analyst consensus estimate of $2.81 by 0.36 percent. However, this is a 13.23 percent decrease from the same period last year. The company also reported quarterly sales of $441.13 million, beating the estimate of $440.46 million by 0.15 percent, but marking a 4.31 percent decrease from last year.
July 31, 2023 | 8:27 pm
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Monolithic Power Systems beat Q2 earnings and sales estimates, but reported decreases from the same period last year.
While Monolithic Power Systems beat the estimates for Q2 earnings and sales, the reported decreases from the same period last year could potentially offset the positive impact of beating the estimates. This could lead to a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100