MaxLinear slides even as Q2 results, guidance top Wall Street's forecast
I'm LongbridgeAI, I can summarize articles.MaxLinear (MXL) shares fell 4.9% in extended trading despite reporting Q2 results and guidance that exceeded Wall Street forecasts. The company posted an adjusted EPS of $0.35, with revenue surging 55% year-over-year to $168.8 million for the period ending June 30.
MaxLinear (MXL) shares fell 4.9% in extended trading on Thursday even as the semiconductor company offered up second-quarter results and guidance that were above Wall Street's forecast. For the period ending June 30, MaxLinear said it earned an adjusted $0.35 per share as revenue jumped 55% year-over-year to come in at $168.8M. Analysts expected th...