CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — MaxLinear Inc. (MXL) on Wednesday reported a loss of $49.7 million in its first quarter.
On a per-share basis, the Carlsbad, California-based company said it had a loss of 58 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 5 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 5 cents per share.
The chipmaker posted revenue of $95.9 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $95 million.
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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
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