MACOM Technology Solutions Holdings Inc reports results for the quarter ended December 31 - Earnings Summary

• MACOM Technology Solutions Holdings Inc MTSI.OQ reported quarterly adjusted earnings of 79 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 58 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 78 cents per share. Wall Street expected results to range from 76 cents to 81 cents per share.

• Revenue rose 38.8% to $218.12 million from a year ago; analysts expected $214.95 million.

• MACOM Technology Solutions Holdings Inc's reported EPS for the quarter was a loss of $2.30​.

• The company reported a quarterly loss of $167.53 million.

• MACOM Technology Solutions Holdings Inc shares had risen by 4.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the semiconductors peer group is also "buy"

Wall Street's median 12-month price target for MACOM Technology Solutions Holdings Inc is $150.00

This summary was machine generated from LSEG data February 6 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)