Monolithic Power Systems Q3 2024 Adj. EPS $4.06 Beats $3.97 Estimate, Sales $620.100M Beat $600.611M Estimate
Portfolio Pulse from Benzinga Newsdesk
Monolithic Power Systems reported Q3 2024 earnings per share of $4.06, surpassing the analyst estimate of $3.97. The company's sales reached $620.1 million, exceeding the expected $600.611 million and marking a 30.58% increase from the previous year.
October 30, 2024 | 8:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Monolithic Power Systems exceeded Q3 2024 earnings and sales estimates, with EPS at $4.06 and sales at $620.1 million, showing strong year-over-year growth.
The company's earnings per share and sales both exceeded analyst expectations, indicating strong financial performance. The significant year-over-year sales growth further supports a positive outlook for the stock in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100