Monolithic Power Systems Q1 Profit Rises - Quick Facts

(RTTNews) - Monolithic Power Systems (MPWR) reported first-quarter GAAP net income of $9.0 million or $0.23 per share, compared to $2.5 million or $0.07 per share, previous year. Non-GAAP net income was $15.6 million or $0.39 per share, for the quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.26 for the quarter. Analysts' estimates typically exclude special items.

Net revenue was $60.1 million, a 16.7% increase from $51.5 million in the first quarter of 2013. Analysts expected revenue of $60.14 million for the quarter.

The company expects second-quarter revenue in the range of $65 million to $69 million. Analysts expect the company to report second-quarter revenue of $65.71 million.