Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why MaxLinear Stock Just Popped 12%

TheMotleyFool

0 0

Shares of semiconductor maker MaxLinear (NYSE: MXL) are on a tear Thursday, up 12% in 11:40 a.m. EDT trading after the company preannounced Q3 2020 financial results this morning.

Heading into Q3, analysts forecast that MaxLinear will report $0.15 per share in profits on $126.1 million in sales for the quarter -- far more than the $72 million to $76 million in sales that MaxLinear last suggested it might collect in its Q3 guidance. Now, however, the company says that it actually earned even more than the analysts had hoped.

Image source: Getty Images.

Source Fool.com

Like: 0

MXL

Share