MACOM Technology Solns Q3 Adj $0.66, Inline, Sales $190.49M Beat $190.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
MACOM Technology Solutions (NASDAQ:MTSI) reported Q3 earnings of $0.66 per share, meeting analyst expectations, and sales of $190.49 million, slightly beating the $190.19 million estimate. This represents a 22.22% increase in earnings and a 28.25% increase in sales compared to the same period last year.
August 01, 2024 | 11:32 am
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MACOM Technology Solutions reported Q3 earnings of $0.66 per share, meeting analyst expectations, and sales of $190.49 million, slightly beating the $190.19 million estimate. This represents a 22.22% increase in earnings and a 28.25% increase in sales compared to the same period last year.
The company's earnings met expectations, and sales slightly beat estimates, which is generally positive news. The significant year-over-year increases in both earnings and sales indicate strong performance, likely leading to a positive short-term impact on the stock price.
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