MACOM Technology Solns Q1 2024 Adj EPS $0.58 Beats $0.57 Estimate, Sales $157.10M Beat $152.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
MACOM Technology Solutions (MTSI) reported Q1 2024 adjusted EPS of $0.58, surpassing the $0.57 estimate, with sales of $157.10M exceeding the $152.12M estimate. This represents a 12.77% decrease in sales compared to the same period last year.
February 01, 2024 | 12:32 pm
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MACOM Technology Solutions reported a Q1 2024 EPS of $0.58, beating estimates, and sales of $157.10M, also above expectations but noted a 12.77% decrease in sales year-over-year.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant year-over-year sales decrease might temper investor enthusiasm, suggesting a cautious optimism.
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