MACOM Technology Solutions Holdings Expects Q1 Revenue $149M-$153M Vs $155.22M Est, Adj EPS $0.55-$0.59 Vs $0.59 Est
Portfolio Pulse from Benzinga Newsdesk
MACOM Technology Solutions Holdings (MTSI) has projected its Q1 revenue to be between $149M-$153M, lower than the estimated $155.22M. The company also expects its adjusted EPS to be $0.55-$0.59, slightly lower than the estimated $0.59.
November 09, 2023 | 12:34 pm
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NEGATIVE IMPACT
MACOM's lower than expected Q1 revenue and adjusted EPS projections may negatively impact its stock price.
Investors often react to a company's earnings projections. In this case, MACOM's lower than expected revenue and adjusted EPS for Q1 could lead to a decrease in its stock price as it indicates potential financial instability or underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100