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MaxLinear: 1Q Earnings Snapshot

CARLSBAD, Calif. (AP) _ MaxLinear Inc. (MXL) on Wednesday reported a loss of $15.5 million in its first quarter.

The Carlsbad, California-based company said it had a loss of 21 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, were 7 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share.

The chipmaker posted revenue of $62 million in the period, which also met Street forecasts.

For the current quarter ending in July, MaxLinear said it expects revenue in the range of $60 million to $64 million.

MaxLinear shares have fallen nearly 10% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.11, a decrease of 29% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MXL at https://www.zacks.com/ap/MXL