Monolithic Power Systems (NASDAQ:MPWR) reported quarterly earnings of $3.17 per share which beat the analyst consensus estimate of $3.14 by 0.96 percent. This is a 49.53 percent increase over earnings of $2.12 per share from the same period last year. The company reported quarterly sales of $460.01 million which missed the analyst consensus estimate of $460.66 million by 0.14 percent. This is a 36.70 percent increase over sales of $336.50 million the same period last year.
What’s Going On With Spirit Airlines Stock?
Spirit Airlines, Inc. (NYSE:SAVE) shares are trading higher Tuesday. Spirit and JetBlue Airways Corporation (NASDAQ:JBLU) filed a notice of appeal on Friday to challenge the ruling that blocked a merger of the companies. Spirit and JetBlue announced that the companies had filed a notice of appeal to the U.S. Court of Appeals for the First Circuit on Friday to challenge a ruling that blocked JetBlue's planned $3.8 billion acquisition of Spirit Airlines.
