MaxLinear (MXL) Tops Q2 EPS by 6c, Q3 Revenue Guidance Falls Short
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Needham & Company Reiterates Buy on MaxLinear (MXL) Following 2Q Report
August 9, 2016 8:43 AM EDTNeedham & Company reiterated a Buy rating and $21.00 price target on MaxLinear (NYSE: MXL) following the company's 2Q earnings report. MXL reported 2Q16 revenue and NG EPS of $101.7MM/$0.50, vs. consensus' $102.0MM/$0.44 estimates. 3Q16 revenue is expected to be $94-98MM, well below $104MM estimates.... More
