MaxLinear Q1 2024 Adj EPS $(0.21) Beats $(0.22) Estimate, Sales $95.269M Beat $93.933M Estimate
Portfolio Pulse from Benzinga Newsdesk
MaxLinear (NASDAQ:MXL) reported Q1 2024 adjusted EPS of $(0.21), surpassing the $(0.22) estimate, with sales of $95.269M exceeding the $93.933M forecast. This represents a significant decrease from the previous year's earnings and sales.
April 24, 2024 | 8:14 pm
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MaxLinear reported a smaller-than-expected quarterly loss and higher sales, indicating resilience despite a significant year-over-year decline.
Beating both EPS and sales estimates typically has a positive impact on investor sentiment and stock price in the short term. Despite the year-over-year decline, the better-than-expected results could lead to a positive reassessment of the company's financial health and growth prospects.
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