Maxlinear Inc reports results for the quarter ended March 31 - Earnings Summary

• Maxlinear Inc MXL.OQ reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -21 cents. The mean expectation of ten analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -6 cents to -2 cents per share.

• Revenue rose 0.7% to $95.93 million from a year ago; analysts expected $94.99 million.

• Maxlinear Inc's reported EPS for the quarter was a loss of 58 cents​.

• The company reported a quarterly loss of $49.71 million.

• Maxlinear Inc shares had fallen by 4.1% this quarter and lost 47.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "hold"

• Wall Street's median 12-month price target for Maxlinear Inc is $19.00

This summary was machine generated from LSEG data April 23 at 09:01 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)