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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.
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