MaxLinear Inc. (MXL)
MaxLinear stock plunges 30% after Q2 earnings miss, Needham downgrades: What investors need to know
MaxLinear Inc. (NASDAQ: MXL), a prominent player in the radio frequency and mixed-signal integrated circuits sector, has experienced a dramatic 30% drop in its stock price following a disappointing Q2 2024 earnings report.
MaxLinear, Inc. (MXL) Q2 2024 Earnings Call Transcript
MaxLinear, Inc. (NASDAQ:MXL ) Q2 2024 Earnings Conference Call July 24, 2024 4:30 PM ET Company Participants Leslie Green - Investor Relations Kishore Seendripu - Chief Executive Officer Steven Litchfield - Chief Financial Officer & Chief Corporate Strategy Officer Conference Call Participants Tore Svanberg - Stifel Christopher Rolland - Susquehanna International Quinn Bolton - Needham & Company Ross Seymore - Deutsche Bank Ananda Baruah - Loop Capital Markets Karl Ackerman - BNP Paribas David Williams - The Benchmark Company Suji Desilva - ROTH MKM Richard Shannon - Craig-Hallum Operator Greetings and welcome to the MaxLinear Second Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
MaxLinear (MXL) Reports Q2 Loss, Lags Revenue Estimates
MaxLinear (MXL) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to earnings of $0.34 per share a year ago.
MaxLinear (MXL) Surges 5.9%: Is This an Indication of Further Gains?
MaxLinear (MXL) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
