Monolithic Power Systems' shares surged due to strong Q4 earnings and optimistic 2024 forecast, exceeding Wall St. estimates.

Monolithic Power Systems' shares surged after analysts provided optimistic outlooks on the semiconductor company, which showed strong financial performance for the fourth quarter and a promising 2024 forecast. The company's fourth-quarter earnings per share of $2.88 on revenue of $454 million also exceeded Wall Street estimates. Monolithic Power expects first-quarter revenue of $437 million to $457 million, higher than analyst expectations.

February 08, 2024
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