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

MaxLinear

25/10/2023 22:39

* Maxlinear Inc  MXL.OQ  reported quarterly adjusted
earnings of 2
cents​​ per share for the quarter ended in September. The mean
expectation of eleven analysts for the quarter was for earnings
of 4 cents per share.
    * Revenue fell 52.6% to $135.53 million from a year ago;
analysts
expected $139.23 million. 
    * Maxlinear Inc's reported EPS for the quarter was a loss
of 49
cents​.
    * The mean earnings estimate of analysts had fallen by
about 87.1%
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 12.5% this quarter and
lost 42.7% so far this year.
    * The company reported a quarterly loss of $39.83 million.
    * Wall Street's median 12-month price target for Maxlinear
Inc is
$30.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 25 at 09:39 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.04           0.02           Missed
 Jun. 30 2023      0.33           0.34           Beat
 Mar. 31 2023      0.70           0.74           Beat
 Dec. 31 2022      1.06           1.07           Beat