Why MaxLinear Was Up Almost 20% This Week
Shares of MaxLinear (NYSE: MXL) popped 18.1% this week, according to data provided by S&P Global Market Intelligence. The integrated-circuit maker reported its third-quarter earnings results, beating analyst estimates on both revenue and earnings per share.
After the market closed on Oct. 27, MaxLinear released its earnings for the third quarter, which covers the three months ending in September. Net revenue was $229.8 million in the period, up 47% year over year, while non-GAAP (generally accepted accounting principles) earnings per share hit $0.75, up from $0.32 a year ago. Both numbers beat the consensus analyst estimates for the report.
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Source Fool.com
