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

MaxLinear

26/04/2023 22:43

* Maxlinear Inc  MXL.OQ  reported quarterly adjusted
earnings of
74 cents​​ per share for the quarter ended in March. The mean
expectation of eleven analysts for the quarter was for earnings
of 70 cents per share.
    * Revenue fell 5.9% to $248.44 million from a year ago;
analysts
expected $250.14 million. 
    * Maxlinear Inc's reported EPS for the quarter was 12
cents​.
    * The mean earnings estimate of analysts had fallen by
about 24.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Maxlinear Inc shares had fallen by 17.0% this quarter and
lost 13.9% so far this year.
    * The company reported quarterly net income of $9.53
million.
    * Wall Street's median 12-month price target for Maxlinear
Inc is
$48.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 09:43 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.70           0.74           Beat
 Dec. 31 2022      1.06           1.07           Beat
 Sep. 30 2022      1.04           1.05           Beat
 Jun. 30 2022      1.01           1.11           Beat