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.