Monolithic: Q2 Earnings Snapshot

KIRKLAND, Wash. (AP) — KIRKLAND, Wash. (AP) — Monolithic Power Systems Inc. (MPWR) on Thursday reported second-quarter earnings of $100.4 million.

On a per-share basis, the Kirkland, Washington-based company said it had net income of $2.05. Earnings, adjusted for stock option expense and pretax expenses, were $3.17 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.07 per share.

The chipmaker posted revenue of $507.4 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $489.9 million.

For the current quarter ending in September, Monolithic said it expects revenue in the range of $590 million to $610 million.

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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