Monolithic Power Systems
tumbled after the Los Gatos, Calif.-based semiconductor company forecast fourth-quarter revenue that would be below Wall Street's estimates.
The company expects revenue in the range of $25 million to $27 million, while analysts are looking for revenue of $27.7 million.
The outlook came as the company posted a loss of $1.87 million, or 6 cents a share, for the third quarter. In the year-ago period, Monolithic had a profit of $9.36 million, or 31 cents a share. Excluding items, the company posted earnings of $3.8 million, or 12 cents a share, in the latest quarter.
Revenue fell 8% to $27.3 million. Analysts polled by Thomson First Call were looking for earnings of 10 cents a share on revenue of $26.6 million for the third quarter.
Shares of Monolithic were down $2.26, or 18.9%, to $9.70.