MaxLinear, Inc. (NYSE:MXL) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.80%.
MaxLinear, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.07 in the quarter versus EPS of $-0.06 in the year-earlier quarter.
Revenue: Rose 28.14% to $26.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: MaxLinear, Inc. reported adjusted EPS income of $0.07 per share. By that measure, the company beat the mean analyst estimate of $0.03. It missed the average revenue estimate of $26.55 million.
Quoting Management: “We are pleased to announce that in the first quarter, we realized revenue of $26.5 million, which represents growth of 28 percent year-over-year,” commented Kishore Seendripu, Ph.D., Chairman and CEO. “Our revenue growth in the first quarter reflected a return to strong momentum in Cable across a broad range of applications, with particular strength in DOCSIS 3.0 solutions. We are encouraged not only by the renewed demand for our Cable solutions, but also by evidence of strong product development and customer engagement traction for our industry leading RF broadband front-end technologies for new and exciting markets such as Satellite TV.”
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