: Monolithic Power stock powers down more than 10% on disappointing outlook


Monolithic Power Systems Inc. MPWR shares fell in the extended session Thursday after the chip-based electronics component maker appeared to follow in the footsteps of many semiconductor-related company this earnings season and reported a slight beat on earnings and a disappointing outlook for the current quarter. Monolithic shares dropped nearly 11% after hours, adding to a 1.5% decline in the regular session to close at $458.93. The company forecast second-quarter revenue between $430 million and $450 million, while analysts had estimated revenue of $455.4 million. Kirkland, Wash.-based Monolithic reported first-quarter…

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