Why Monolithic Power Shares Can’t Hold Yesterday’s Level

Earnings reports are released after market closes on Wednesday

Monolithic Power shares fell 3.7% in Friday premarket trading to $703.8933. The company's shares closed at $732.42 on Thursday after rising 1.8% during the day. Monolithic Power is scheduled to release its quarterly earnings report after the market closes on Wednesday.

Analysts polled by Refinitiv expect the company to report earnings per share of $5.32 on revenue of $692.29 million.

Analysts polled by Refinitiv expect the company to report earnings per share of $5.32 on revenue of $692.29 million. This would compare with EPS of $3.86 on revenue of $556.3 million in the prior-year quarter.

Monolithic Power has not stated a reason for why shares are not holding yesterday’s level.

Monolithic Power has not provided a reason for the decline in its share price. However, the broader market has been under pressure in recent days due to concerns about rising interest rates and the potential for a recession.

Investing in stocks like Monolithic Power can be a wise way to make money, but it is important to do your homework before making any decisions. You should also remember that investing involves risk and you should always be prepared to lose money. If you are not sure about whether or not investing is right for you, please consult with a financial advisor.