Monolithic Power Systems Q1 2024 Adj EPS $2.81 Beats $2.66 Estimate, Sales $457.885M Beat $447.719M Estimate
Portfolio Pulse from Benzinga Newsdesk
Monolithic Power Systems (NASDAQ:MPWR) reported Q1 2024 adjusted EPS of $2.81, surpassing the $2.66 estimate, and sales of $457.885M, exceeding the $447.719M estimate. This represents a 6.33% decrease in EPS and a 1.51% increase in sales year-over-year.
May 01, 2024 | 8:03 pm
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Monolithic Power Systems reported a Q1 2024 adjusted EPS of $2.81, beating estimates, and sales of $457.885M, also above expectations.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported decrease in EPS year-over-year might temper some of the positive impact, but the overall beat on expectations and year-over-year sales growth are likely to be viewed favorably by the market.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100