Movement Alert｜MaxLinear Intraday Rise 5.78% in Regular Trading, Q3 Beat and Strong Q4 Revenue Outlook Supported Sentiment

Market Focus10-27 21:33

On October 27, MaxLinear rose 5.78% in Regular Trading, trading at $68.64 per share, with turnover of $16.83 million.

The move was associated with continued investor response to the company’s previously reported third-quarter results and fourth-quarter revenue outlook, both of which came in above market expectations.

MaxLinear reported adjusted Q3 EPS of $0.62, ahead of consensus expectations of $0.55-$0.56, while revenue rose 72% year over year to $218.1 million, above expectations of about $211.2 million-$214.9 million. For Q4, the company guided revenue to $240 million-$260 million, well above the roughly $226.6 million market expectation, reinforcing the view that its business recovery is progressing faster than previously anticipated.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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