MaxLinear: 2Q Earnings Snapshot
CARLSBAD, Calif. (AP) _ MaxLinear Inc. (MXL) on Tuesday reported a second-quarter loss of $14.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Carlsbad, California-based company said it had a loss of 21 cents. Earnings, adjusted for amortization costs and pretax expenses, came to 34 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The chipmaker posted revenue of $101.5 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $104 million.
For the current quarter ending in October, MaxLinear said it expects revenue in the range of $83 million to $87 million.
MaxLinear shares have decreased 32 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.90, a fall of 27 percent in the last 12 months.