Maxwell Technologies (MXWL) Misses Q2 EPS by 7c, Q3 Guidance Falls Short

Maxwell Technologies (NASDAQ: MXWL) reported Q2 EPS of ($0.13), $0.07 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $34.1 million versus the consensus estimate of $35.08 million.

GUIDANCE:

Maxwell Technologies sees Q3 2016 revenue of $24-27 million, versus the consensus of $38.2 million.

• Gross margin for the third quarter of 2016 is expected to be in the range of 28% to 31%.
• Non-GAAP gross margin for the third quarter of 2016 is expected to be in the range of 29% to 32%.
• GAAP operating expense for the third quarter of 2016 is expected to be in the range of $13.8 million to $14.2 million.
• Non-GAAP operating expense for the third quarter of 2016 is expected to be in the range of $12.5 million to $12.9 million.

For earnings history and earnings-related data on Maxwell Technologies (MXWL) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Algorhythm Holdings (RIME) Tops Q2 EPS by 54c
• Star Equity Holdings (STRR) Misses Q2 EPS by 8c