MaxLinear Shares Fall 17% After Forecasting Lower 3Q Revenue

Dow Jones07-25

Shares of MaxLinear fell after the company forecast another decline in revenue for its third quarter.

After the bell, the stock was down almost 17%. Shares ended Wednesday's trading session at $22.29 and are down about 6% since the beginning of the year.

For its third quarter, MaxLinear expects revenue between $70 million and $90 million, down from $135.5 million in the previous year. Wall Street analysts are expecting third-quarter revenue of $112.1 million, according to FactSet.

The Carlsbad, Calif.-based integrated circuits provider after the market closed said revenue fell to $92 million in the second quarter, a 50% drop from the prior year. Analysts surveyed by FactSet expected revenue of $100.2 million.

The company posted a net loss of $39.3 million, or 47 cents a share, compared to a loss of $72.3 million, or 88 cents a share, in last year's quarter. Analysts polled by FactSet expected a per-share loss of 66 cents.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2454548538?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-25 09:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2454548538","market":"us","top_or_hot":-1,"title":"MaxLinear Shares Fall 17% After Forecasting Lower 3Q Revenue","media":"Dow Jones","content":"<p>Shares of <a href=\"https://laohu8.com/S/MXL\">MaxLinear</a> fell after the company forecast another decline in revenue for its third quarter.</p><p>After the bell, the stock was down almost 17%. Shares ended Wednesday's trading session at $22.29 and are down about 6% since the beginning of the year.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c09ce1eefff3d9406a9bddafafc3a864\" tg-width=\"418\" tg-height=\"392\"></p><p>For its third quarter, MaxLinear expects revenue between $70 million and $90 million, down from $135.5 million in the previous year. Wall Street analysts are expecting third-quarter revenue of $112.1 million, according to FactSet.</p><p>The Carlsbad, Calif.-based integrated circuits provider after the market closed said revenue fell to $92 million in the second quarter, a 50% drop from the prior year. Analysts surveyed by FactSet expected revenue of $100.2 million.</p><p>The company posted a net loss of $39.3 million, or 47 cents a share, compared to a loss of $72.3 million, or 88 cents a share, in last year's quarter. Analysts polled by FactSet expected a per-share loss of 66 cents.</p><p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MaxLinear Shares Fall 17% After Forecasting Lower 3Q Revenue</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMaxLinear Shares Fall 17% After Forecasting Lower 3Q Revenue\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-25 09:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of MaxLinear fell after the company forecast another decline in revenue for its third quarter.After the bell, the stock was down almost 17%. Shares ended Wednesday's trading session at $22.29 ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MXL","symbol_name":"MaxLinear","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2454548538","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454548538","pubTimestamp":1721871018,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of $MaxLinear$ fell after the company forecast another decline in revenue for its third quarter.After the bell, the stock was down almost 17%. Shares ended Wednesday's trading session at $22.29 and are down about 6% since the beginning of the year.For its third quarter, MaxLinear expects revenue between $70 million and $90 million, down from $135.5 million in the previous year. Wall Street analysts are expecting third-quarter revenue of $112.1 million, according to FactSet.The Carlsbad, C","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MXL":"MaxLinear"},"translate_title":"MaxLinear预测第三季度收入下降后股价下跌17%","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MXL":1},"content_text":"Shares of MaxLinear fell after the company forecast another decline in revenue for its third quarter.After the bell, the stock was down almost 17%. Shares ended Wednesday's trading session at $22.29 and are down about 6% since the beginning of the year.For its third quarter, MaxLinear expects revenue between $70 million and $90 million, down from $135.5 million in the previous year. Wall Street analysts are expecting third-quarter revenue of $112.1 million, according to FactSet.The Carlsbad, Calif.-based integrated circuits provider after the market closed said revenue fell to $92 million in the second quarter, a 50% drop from the prior year. Analysts surveyed by FactSet expected revenue of $100.2 million.The company posted a net loss of $39.3 million, or 47 cents a share, compared to a loss of $72.3 million, or 88 cents a share, in last year's quarter. Analysts polled by FactSet expected a per-share loss of 66 cents.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454548538"}