Chipmaker MaxLinear Lines Up Third-Quarter Beat-And-Raise Report

Chipmaker MaxLinear (MXL) late Wednesday beat Wall Street’s targets for the third quarter and guided higher for the current period. But MXL stock dipped in extended trading.


The Carlsbad, Calif.-based company earned an adjusted 75 cents a share on sales of $229.8 million in the September quarter. Analysts expected MaxLinear earnings of 67 cents a share on sales of $223.9 million, according to FactSet. In the year-earlier period, MaxLinear earnings were 32 cents a share on sales of $156.6 million.

On Oct. 12, MaxLinear previewed better-than-expected sales and profit margins in a news release.

For the current quarter, MaxLinear expects to generate sales of $240 million to $250 million. The midpoint of $245 million tops analyst estimates for $228.8 million, according to FactSet.

Earnings report details to follow.

MXL Stock In Cup Base

In after-hours trading on the stock market today, MXL stock fell a fraction. During the regular session Wednesday, MXL stock slipped 1.4% to 51.72.

MXL stock has formed a cup base with a buy point of 55.10, according to IBD MarketSmith charts.

Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.


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