Shares of MACOM Technology Solutions Holdings Inc. (MTSI) soared as much as 14.89% on Wednesday to an all-time high, driven by the company's impressive fiscal fourth quarter results and bullish guidance for the current period.
The semiconductor solutions provider reported adjusted earnings per share of $0.73 for the quarter ended September 27, matching Wall Street expectations. However, revenue climbed 33.5% year-over-year to $200.7 million, edging past analyst estimates of $200.5 million.
Looking ahead, MACOM issued upbeat guidance for fiscal Q1 2025, forecasting adjusted EPS between $0.75-$0.81 on revenue of $212-$218 million. Analysts were projecting earnings of $0.75 per share on revenue of $204.6 million.
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