MaxLinear Shares Fall Nearly 8% Despite Q3 Earnings Beat
Photo: TokenPost
MaxLinear shares dropped nearly 8% in extended trading Thursday, Oct. 22, even after the semiconductor company posted third-quarter results and guidance that exceeded Wall Street forecasts. For the quarter ended Sept. 30, adjusted earnings were 62 cents per share. MaxLinear develops semiconductor products for broadband, data-center infrastructure and AI connectivity. The latest decline followed a separate pullback in which shares fell nearly 13% after climbing more than 45% over a month. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
