Why MaxLinear Stock Broke to New Highs Today
Shares of MaxLinear (NYSE: MXL) were up 17.5% as of 10:59 a.m. EDT on Thursday after strong earnings results in the third quarter. Revenue increased 47% year over year to $229 million, while adjusted earnings per share (EPS) more than doubled to $0.75 over the year-ago quarter.
Source Fool.com