MaxLinear (MXL) Tops Q3 EPS by 6c; Guides Q4 Revs Below the Street

MaxLinear (NYSE: MXL) reported Q3 EPS of $0.13, $0.06 better than the analyst estimate of $0.07. Revenue for the quarter came in at $27.8 million versus the consensus estimate of $27.36 million.

MaxLinear sees Q4 2012 revenue of $25-26 million, versus the consensus of $28.10 million.

"Similar to many of our fabless semiconductor peers, MaxLinear's fourth quarter outlook has been impacted by recent slowdown in bookings, most specifically feedback from our larger customers in the Cable data and voice modems indicate that they are looking to draw down their inventory of modems as they exit the year, thereby leading to top line contraction in the fourth quarter," commented Kishore Seendripu, Ph.D., Chairman and CEO.

For earnings history and earnings-related data on MaxLinear (MXL) click here.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• uCloudlink Group Inc. (UCL) Misses Q2 EPS by 1c ; Offers Guidance
• Compass Point Starts Gorilla Tech Group/ (GRRR) at Buy
• PENN Entertainment (PENN) Reiterated at Market Outperform by Citizens as Relocation Announced