MaxLinear, Inc (NYSE:MXL) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, MXL is expected to report 3Q20 income of $ 0.29 per share from revenue of $ 153.55 million.
For the full year, analysts anticipate top line of $ 454.51 million, while looking forward to income of $ 0.76 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 155.00 million ~ $ 157.00 million
Click Here For More Historical Outlooks Of MaxLinear, Inc
Previous Quarter Performance
MaxLinear, Inc revealed income for the second quarter of $ 0.09 per share, from the revenue of $ 65.22 million. The quarterly earnings dropped 59.09 percent compared with the same quarter last year. Street analysts expected MaxLinear, Inc to report income of $ 0.08 per share on revenue of $ 64.42 million for the second quarter. The bottom line results beat street analysts by $ 0.01 or 12.50 percent, at the same time, top line results outshined analysts by $ 0.80 million or 1.24 percent.
Stock Performance
Shares of MaxLinear, Inc traded up $ 0.76 or 2.70 percent on Wednesday, reaching $ 28.87 with volume of 374.50 thousand shares. MaxLinear, Inc has traded high as $ 29.24 and has cracked $ 28.06 on the downward trend
The closing price of $ 28.87, representing a 260.85 % increase from the 52 week low of $ 7.79 and a 3.86 % decrease over the 52 week high of $ 29.24.
The company has a market capital of $ 2.13 billion and is part of the Technology sector and Semiconductors industry.
Conference Call
MaxLinear, Inc will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.maxlinear.com
MaxLinear, Inc. provides radio-frequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.
