MaxLinear Q3 Adj $(0.36) Misses $(0.32) Estimate, Sales $81.10M Beat $79.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
MaxLinear (NASDAQ:MXL) reported a Q3 loss of $(0.36) per share, missing the $(0.32) estimate, but sales of $81.10M beat the $79.87M estimate. This marks a significant decrease from last year's earnings and sales.
October 23, 2024 | 8:20 pm
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NEGATIVE IMPACT
MaxLinear's Q3 earnings missed expectations with a loss of $(0.36) per share, while sales slightly exceeded estimates. Both earnings and sales have significantly decreased compared to the previous year.
The earnings miss and significant year-over-year declines in both earnings and sales are likely to negatively impact MaxLinear's stock price in the short term. Although sales slightly beat expectations, the overall financial performance is weak.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100