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

0
11

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…

This article was originally published by Marketwatch.com. Read the original article here.

Previous article: The story of falling regional banks, as told in this Monty Python meme video
Next articleAll year-to-date gains for the Dow industrials have now been wiped away

LEAVE A REPLY

Please enter your comment!
Please enter your name here