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MaxLinear: Q1 Earnings Snapshot
By AP News - Apr 24, 2024, 04:40 PM ET
Last Updated - May 27, 2024, 01:08 AM EDT
CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — MaxLinear Inc. (MXL) on Wednesday reported a loss of $72.3 million in its first quarter.
On a per-share basis, the Carlsbad, California-based company said it had a loss of 88 cents. Losses, adjusted for restructuring costs and stock option expense, were 21 cents per share.
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The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The chipmaker posted revenue of $95.3 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $95 million.
For the current quarter ending in June, MaxLinear said it expects revenue in the range of $90 million to $110 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MXL at https://www.zacks.com/ap/MXL
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