CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — MaxLinear Inc. (MXL) on Wednesday reported a loss of $39.3 million in its second quarter.
On a per-share basis, the Carlsbad, California-based company said it had a loss of 47 cents. Losses, adjusted for stock option expense and non-recurring costs, were 25 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The chipmaker posted revenue of $92 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $100 million.
For the current quarter ending in September, MaxLinear said it expects revenue in the range of $70 million to $90 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MXL at https://www.zacks.com/ap/MXL
/Nvidia%20logo%20by%20Konstantin%20Savusia%20via%20Shutterstock.jpg)
/Amazon%20-%20Image%20by%20Tada%20Images%20via%20Shutterstock.jpg)
/The%20CoreWeave%20logo%20displayed%20on%20a%20smartphone%20screen_%20Image%20by%20Robert%20Way%20via%20Shutterstock_.jpg)
