Monolithic Power Systems Q2 2024 Adj. EPS $3.17 Beats $3.07 Estimate, Sales $507.431M Beat $490.655M Estimate
Portfolio Pulse from Benzinga Newsdesk
Monolithic Power Systems (NASDAQ:MPWR) reported Q2 2024 earnings of $3.17 per share, beating the analyst estimate of $3.07. Sales were $507.431 million, surpassing the $490.655 million estimate. Both earnings and sales showed significant year-over-year growth.
August 01, 2024 | 8:02 pm
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Monolithic Power Systems reported Q2 2024 earnings of $3.17 per share, beating the analyst estimate of $3.07. Sales were $507.431 million, surpassing the $490.655 million estimate. Both earnings and sales showed significant year-over-year growth.
The company exceeded both earnings and sales estimates, which is likely to positively impact the stock price in the short term. The significant year-over-year growth further strengthens the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100