Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessMaxLinear Shares Drop 4 percent on Weak Outlook

MaxLinear Shares Drop 4 percent on Weak Outlook

Add to Favorite
Added to Favorite


MaxLinear (NASDAQ:MXL) shares plunged more than 4% on Thursday after the company reported better-than-expected Q4 results but guided Q1 revenues/EPS well below expectations (est. revenue decline of 14% quarter-over-quarter at the midpoint, implying EPS of $0.70).
Q4 EPS came in at $1.07, slightly better than the Street estimate of $1.06. Revenue was $290.6 million, compared to the Street estimate of $290.04 million.
The company’s 2023 outlook retains much of the conservatism highlighted in their Q3/22 call, with any growth expected to be weighted toward late 2023/2024 in their Connectivity (Wi-Fi still optimistically expected to reach $200 million in revenues) and Infrastructure (expected to benefit from easing substrate supply constraints) segments.
These growth vectors, coupled with the company’s vigilant OPEX management (expected to fall quarter-over-quarter post-Q1/23) should partially insulate the company from the expected industry slowdown.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER) Surpasses Q4 Earnings Expectations

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) reported a bigger-than-expected...

Heritage Global Inc. (NASDAQ: HGBL) Earnings Report Analysis

Heritage Global Inc. (NASDAQ:HGBL) reported an earnings per share...

Inspired Entertainment, Inc. (NASDAQ:INSE) Overview and Analyst Rating

Inspired Entertainment, Inc. (NASDAQ:INSE) Maintains Market Outperform Rating Inspired Entertainment,...

Inspired Entertainment, Inc. (NASDAQ:INSE) Sees Optimistic Price Target Amidst Financial Results Anticipation

Inspired Entertainment, Inc. (NASDAQ:INSE) receives a bullish price target...