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

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Monolithic Power stock powers down more than 10% on disappointing outlook
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Monolithic Power Systems Inc. shares fell in the extended session Thursday after the chip-based electronics component maker appeared to follow in the...

Monolithic Power Systems Inc.

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.

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.

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