CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — MaxLinear Inc. (MXL) on Wednesday reported a loss of $26.6 million in its second quarter.
The Carlsbad, California-based company said it had a loss of 31 cents per share. Earnings, adjusted for one-time gains and costs, came to 2 cents per share.
The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 2 cents per share.
The chipmaker posted revenue of $108.8 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $105 million.
For the current quarter ending in September, MaxLinear said it expects revenue in the range of $115 million to $135 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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