Maxlinear Inc MXL.OQ reported quarterly adjusted earnings of 2 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -25 cents. The mean expectation of ten analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from 1 cents to 2 cents per share.
Revenue rose 18.3% to $108.81 million from a year ago; analysts expected $104.93 million.
Maxlinear Inc's reported EPS for the quarter was a loss of 31 cents.
The company reported a quarterly loss of $26.59 million.
Maxlinear Inc shares had risen by 8.7% this quarter and lost 21.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 55% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is "buy."
Wall Street's median 12-month price target for Maxlinear Inc is $14.00, about 10.3% below its last closing price of $15.44
This summary was machine generated from LSEG data July 23 at 09:01 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)