Monolithic Power (MPWR) Q4 Earnings & Revenues Top Estimates
Zacks Investment Research | Feb 05, 2020 09:54PM ET
Monolithic Power Systems, Inc. (NASDAQ:MPWR) reported fourth-quarter 2019 non-GAAP earnings of $1.04 per share, which beat the Zacks Consensus Estimate by almost 1%. Notably, the figure improved 5.1% on a year-over-year basis.
Revenues of $166.8 million improved 8.6% from the year-ago quarter, surpassing the Zacks Consensus Estimate of $163 million. The reported figure was also better than the higher end of management’s guidance of $160 million to $166 million.
Strong demand across Computing & Storage, Automotive and Communications end-markets drove year-over-year growth.
Notably, shares of the company have returned 44.2% in the past year, outperforming the Zacks Investment Research
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