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Alexkid

Monolithic Power's 3rd-quarter net income increases 20 percent, almost matching record high
(AP) (SAN JOSE, Calif.)
Chip maker Monolithic Power Systems Inc. said Thursday its third-quarter profit jumped 20 percent, nearly matching an all-time high in sales as it released a record number of new products.

Net income rose to $12.6 million, or 34 cents per share, in the quarter, from $10.5 million, or 29 cents per share, in the year-ago period. Adjusted earnings were 24 cents per share in the latest quarter.

Revenue slipped 2 percent to $48 million from $48.9 million.

On average, analysts polled by Thomson Reuters expected a profit of 23 cents per share on sales of $47.7 million. Analysts typically exclude one-time items from their estimates.

The company expects fourth-quarter sales between $43 million to $46 million. Analysts are expecting $43.9 million.

Monolithic's shares retreated $1, or 4.6 percent, to $21 in after-hours trading following the release of the company's earnings report. They rose 52 cents, or 2.4 percent, to end the regular session at $22 on Thursday.


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* Don't think 2 percent revenue drop isn't bad @ this time. You have seen/read about companies having more than 10 percent revenue drops.
Monolithic proving whatever they have working, it will not be fixed ! *

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