MaxLinear Q2 Adj EPS $0.34 Beats $0.33 Estimate, Sales $183.94M Miss $190.30M Estimate
Portfolio Pulse from vinayak@benzinga.com
MaxLinear reported Q2 earnings of $0.34 per share, beating the analyst consensus estimate of $0.33 by 3.03%. However, the company's quarterly sales of $183.94 million missed the analyst consensus estimate of $190.30 million by 3.34%. This represents a 69.37% decrease in earnings and a 34.31% decrease in sales compared to the same period last year.
July 26, 2023 | 8:41 pm
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MaxLinear's Q2 earnings beat estimates but sales missed, indicating mixed financial performance. This could potentially impact the company's stock price.
MaxLinear's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. The significant decrease in both earnings and sales compared to last year could also negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100