MaxLinear Q3 Adj EPS $0.02 Misses $0.04 Estimate, Sales $135.53M Miss $139.23M Estimate
Portfolio Pulse from totan@benzinga.com
MaxLinear (NASDAQ:MXL) reported Q3 earnings of $0.02 per share, missing the analyst consensus estimate of $0.04 by 50%. This is a 98.1% decrease from the same period last year. The company also reported quarterly sales of $135.53 million, missing the analyst consensus estimate of $139.23 million by 2.66%. This is a 52.57% decrease from the same period last year.
October 25, 2023 | 8:57 pm
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NEGATIVE IMPACT
MaxLinear's Q3 earnings and sales missed estimates, indicating a potential negative impact on its stock price.
MaxLinear's earnings and sales for Q3 significantly missed analyst estimates, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100