MaxLinear Sees Q3 Revenue $70M-$90M Vs $100.044M Est.
Portfolio Pulse from Benzinga Newsdesk
MaxLinear has revised its Q3 revenue guidance to a range of $70 million to $90 million, significantly below the previous estimate of $100.044 million.
July 24, 2024 | 8:40 pm
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MaxLinear has lowered its Q3 revenue guidance to $70 million to $90 million, which is significantly below the previous estimate of $100.044 million. This revision indicates potential challenges in the company's operations or market conditions.
The significant downward revision in revenue guidance suggests that MaxLinear is facing operational or market challenges. This is likely to negatively impact investor sentiment and the stock price in the short term.
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