MaxLinear Q2 Adjusted Earnings, Revenue Rise; Issues Q3 Revenue Outlook

MT Newswires Live

07/24

MaxLinear (MXL) reported Q2 adjusted earnings late Thursday of $0.35 per diluted share, up from $0.02 a year earlier.

Analysts polled by FactSet expected $0.33.

Revenue for the quarter ended June 30 was $168.8 million, up from $108.8 million a year earlier.

Analysts expected $164.6 million.

For Q3, the company expects revenue of $210 million to $220 million. Analysts expect $173.9 million.

Shares of MaxLinear were down 9% in after-hours activity.

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