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Monolithic Power Systems Q1 Adjusted Earnings, Revenue Rise; Shares Climb After Hours

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Monolithic Power Systems (MPWR) reported Q1 adjusted earnings late Thursday of $5.10 per diluted share, up from $4.04 a year earlier.

Analysts polled by FactSet expected $4.90.

Revenue in the three months ended March 31 rose to $804.2 million from $637.6 million a year earlier.

Analysts polled by FactSet expected $781.9 million.

The company expects Q2 revenue of $890 million to $910 million. Analysts expect $817.1 million.

Monolithic shares rose 7% in after-hours trading.

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