M/A-COM Technology Solutions (MTSI) PT Lowered to $25 at Stifel
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MACOM Reports Fiscal First Quarter 2018 Financial Results
February 6, 2018 4:05 PM ESTLOWELL, Mass.--(BUSINESS WIRE)-- MACOM Technology Solutions Holdings, Inc. (Nasdaq: MTSI) (MACOM), a leading supplier of high-performance RF, microwave, millimeterwave and lightwave semiconductor products, today announced its financial results for its fiscal first quarter ended December 29, 2017.
First Quarter Fiscal Year 2018 GAAP Results
Revenue was $130.9 million, a decrease of 13.7%, compared to $151.8 million in the previous year fiscal first quarter and a decrease of 21.3% compared to $166.4 million in the prior fiscal quarter; Gross profit was $61.0 million, a decrease of 22.3% compared to $78.5 million in... More