MACOM Technology Solutions Sees Q4 EPS $0.70-$0.76 Vs $0.72 Est.; Revenue $197M-$203M Vs $198.54M Est.
Portfolio Pulse from Benzinga Newsdesk
MACOM Technology Solutions (MTSI) has provided its fiscal Q4 guidance, expecting EPS between $0.70 and $0.76, compared to the $0.72 estimate. Revenue is projected to be between $197 million and $203 million, versus the $198.54 million estimate. The company also expects an adjusted gross margin of 57% to 59%.
August 01, 2024 | 11:33 am
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MACOM Technology Solutions (MTSI) has provided its fiscal Q4 guidance, expecting EPS between $0.70 and $0.76, compared to the $0.72 estimate. Revenue is projected to be between $197 million and $203 million, versus the $198.54 million estimate. The company also expects an adjusted gross margin of 57% to 59%.
The guidance provided by MACOM Technology Solutions is slightly above the market estimates for both EPS and revenue. This positive outlook is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100