CARLSBAD, Calif. (AP) _ MaxLinear Inc. (MXL) on Thursday reported a loss of $21.8 million in its second quarter.
The Carlsbad, California-based company said it had a loss of 30 cents per share. Earnings, adjusted for amortization costs and stock option expense, came to 9 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The chipmaker posted revenue of $65.2 million in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $65.3 million.
For the current quarter ending in October, MaxLinear said it expects revenue in the range of $72 million to $76 million.
MaxLinear shares have climbed 24% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $26.37, a rise of 6.5% in the last 12 months.