CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — MaxLinear Inc. (MXL) on Thursday reported a loss of $45.1 million in its first quarter.
On a per-share basis, the Carlsbad, California-based company said it had a loss of 52 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 22 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The chipmaker posted revenue of $137.2 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $135 million.
For the current quarter ending in June, MaxLinear said it expects revenue in the range of $160 million to $170 million.
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