Shares of MaxLinear (NYSE:MXL) moved higher by 2.35% in after-market trading after the company reported Q2 results.
Earnings per share decreased 59.09% year over year to $0.09, which beat the estimate of $0.08.
Revenue of $65,220,000 decreased by 20.95% from the same period last year, which beat the estimate of $64,420,000.
MaxLinear hasn't issued any earnings guidance for the time being.
Q3 revenue expected between $72,000,000 and $76,000,000.
Details Of The Call
Date: Jul 23, 2020
Time: 04:30 PM
Recent Stock Performance
Company's 52-week high was at $28.10
52-week low: $7.79
Price action over last quarter: Up 63.67%
MaxLinear Inc is a provider of radio frequency and mixed-signal integrated circuits for cable and satellite broadband communications, the connected home, and for data center, metro, and long-haul fiber networks. The company's radio frequency receiver products capture and process digital and analog broadband signals to be decoded for various applications. MaxLinear's product options include both radio frequency receivers and radio frequency receiver systems-on-chips. The company's products enable the distribution and display of broadband video and data content in a wide range of electronic devices. Customers for MaxLinear include original equipment manufacturers, module makers, and original design manufacturers.
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