By Roshan Fernandez
Shares of MaxLinear dropped in midday trading despite the radio frequency, analog, digital and mixed-signal integrated circuits company shrinking its loss in the first quarter.
Shares fell about 10% to $9.87 on Thursday. The stock is down 50% year to date.
The Carlsbad, Calif.-based company had a loss of $49.7 million loss, or 58 cents a share, during the three months ended March 31, compared to a loss of $72.3 million, or 88 cents a share, in the same period last year.
Adjusting for one-time items, MaxLinear had a first-quarter loss of 5 cents a share, on par with analysts expectations, according to FactSet.
Revenue was $95.9 million, up from $95.3 million during the same period last year and just above what analysts polled by FactSet were expecting.
For the second quarter, the company is expecting revenue between $95 million and $115 million. Analysts polled by FactSet were expecting $105 million.
"It's difficult to know exactly how the demand drivers will play out for the quarter and for the rest of the year," Chief Financial Officer Steven Litchfield said of the tariff situation.
Write to Roshan Fernandez at roshan.fernandez@wsj.com
(END) Dow Jones Newswires
April 24, 2025 14:12 ET (18:12 GMT)
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