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

• MACOM Technology Solutions Holdings Inc MTSI.OQ reported quarterly adjusted earnings of 85 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 84 cents per share. Wall Street expected results to range from 81 cents to 85 cents per share.

• Revenue rose 30.2% to $235.89 million from a year ago; analysts expected $229.51 million.

• MACOM Technology Solutions Holdings Inc's reported EPS for the quarter was 42 cents​.

• The company reported quarterly net income of $31.67 million.

• MACOM Technology Solutions Holdings Inc shares had risen by 12.9% this quarter and lost 12.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.4% 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 "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 4 "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 $135.00

This summary was machine generated from LSEG data May 8 at 02:08 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)