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MaxLinear: 3Q Earnings Snapshot

CARLSBAD, Calif. (AP) _ MaxLinear Inc. (MXL) on Thursday reported a loss of $4.7 million in its third quarter.

The Carlsbad, California-based company said it had a loss of 7 cents per share. Earnings, adjusted for one-time gains and costs, were 23 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The chipmaker posted revenue of $80 million in the period, which met Street forecasts.

For the current quarter ending in December, MaxLinear said it expects revenue in the range of $67 million to $73 million.

MaxLinear shares have increased 26% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $22.23, a rise of 38% 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