Monolithic: Q3 Earnings Snapshot

WEST PALM BEACH, Fla. (AP) — WEST PALM BEACH, Fla. (AP) — Monolithic Power Systems Inc. (MPWR) on Thursday reported third-quarter net income of $271.1 million.

On a per-share basis, the West Palm Beach, Florida-based company said it had profit of $5.51. Earnings, adjusted for stock option expense and pretax expenses, were $8.19 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $7.80 per share.

The chipmaker posted revenue of $1.2 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $1.16 billion.

For the current quarter ending in December, Monolithic said it expects revenue in the range of $1.32 billion to $1.39 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MPWR at https://www.zacks.com/ap/MPWR