MaxLinear (MXL) Releases Quarterly Earnings, Beats Expectations By $0.02 EPS
MaxLinear (NYSE:MXL) issued its quarterly earnings data on Thursday. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.02, ARN reports. The company had revenue of $35.59 million for the quarter, compared to the consensus estimate of $35.23 million. During the same quarter last year, the company posted $0.11 earnings per share. MaxLinear’s revenue was up 19.5% compared to the same quarter last year.
In other MaxLinear news, VP Madhukar Reddy unloaded 3,400 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $9.26, for a total value of $31,484.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
MaxLinear (NYSE:MXL) traded down 2.27% on Thursday, hitting $9.48. The stock had a trading volume of 199,347 shares. MaxLinear has a 52 week low of $6.70 and a 52 week high of $11.32. The stock’s 50-day moving average is $10.00 and its 200-day moving average is $9.59. The company’s market cap is $337.9 million.
MaxLinear, Inc operates as a fabless communications Integrated Circuit company. The Company is creating solutions for wireless and wire-line applications (NYSE:MXL).
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