Maxlinear Inc reports results for the quarter ended in December - Earnings Summary

MaxLinear

31/01/2024 22:02

* Maxlinear Inc  MXL.OQ  reported quarterly adjusted
earnings of 1
cent​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$1.07.  The mean expectation of ten analysts for the quarter was
for earnings of one cent per share. Wall Street expected
results to range from zero cents to 1 cents per share.
    * Revenue fell 56.9% to $125.35 million from a year ago;
analysts
expected $125.12 million. 
    * Maxlinear Inc's reported EPS for the quarter was a loss
of 47
cents​.
    * The company reported a quarterly loss of $38.5 million.
    * Maxlinear Inc shares had fallen by 9.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Maxlinear
Inc is
$23.00 

This summary was machine generated from LSEG data January 31 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.01           0.01           Met
 Sep. 30 2023      0.04           0.02           Missed
 Jun. 30 2023      0.33           0.34           Beat
 Mar. 31 2023      0.70           0.74           Beat