$MXL: Earnings Beat Sparks +31.9% After-Hours Breakout
$MaxLinear(MXL)$ (Update +128%) - Cleared structural pivot to 13 x ATR% from 50-MA at close.
After hours 45.18 +10.93 (31.91%) with further fundamental acceleration
$MXL reported quarterly adjusted earnings of 22 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -5 cents.
The mean expectation of ten analysts for the quarter was for earnings of 18 cents per share.
Wall Street expected results to range from 16 cents to 19 cents per share. Revenue rose 43% to $137.19 million from a year ago; analysts expected $135.00 million.
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