Add as a preferred source on GoogleMaxLinear Shares Fall Nearly 8% Despite Q3 Earnings Beat
The company posted adjusted earnings of 62 cents per share for the quarter ended Sept. 30, and its results and guidance exceeded Wall Street forecasts.
MaxLinear shares dropped nearly 8% in extended trading Thursday, Oct. 22, even after the semiconductor company posted third-quarter results and guidance that exceeded Wall Street forecasts.
For the quarter ended Sept. 30, adjusted earnings were 62 cents per share. MaxLinear develops semiconductor products for broadband, data-center infrastructure and AI connectivity.
The latest decline followed a separate pullback in which shares fell nearly 13% after climbing more than 45% over a month.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.