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via finance.yahoo.comBusiness & Companies

MaxLinear beats estimates but stock dips after hours

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- MaxLinear Inc (NASDAQ:MXL) reported third quarter results that exceeded analyst expectations, though shares slipped 3.3% in after-hours trading Thursday, likely due to investors "selling the news" of a beat following a 290% appreciation in MaxLinear's stock…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralResults above expectations for a semiconductor stock, with a negative after-hours reaction.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Adjusted EPS came in at $0.62 versus an estimate of $0.56.
  2. 02Revenue reached $218.1 million, above the consensus of $215.1 million.
  3. 03Shares slipped 3.3% in after-hours trading on Thursday.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
MaxLinear, Inc.MXLStock65.28 USDMarket closedtoday -13.87%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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