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MaxLinear: Q3 Earnings Snapshot
By AP News - Oct 23, 2024, 04:37 PM ET
Last Updated - Dec 16, 2024, 06:03 PM EST
CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — MaxLinear Inc. (MXL) on Wednesday reported a loss of $75.8 million in its third quarter.
The Carlsbad, California-based company said it had a loss of 90 cents per share. Losses, adjusted for non-recurring costs and stock option expense, were 36 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 32 cents per share.
The chipmaker posted revenue of $81.1 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $80 million.
For the current quarter ending in December, MaxLinear said it expects revenue in the range of $80 million to $100 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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