Monolithic Power Plunges

The stock falls nearly 19% after a soft forecast.
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Monolithic Power Systems

(MPWR) - Get Report

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.