Investing.com - MaxLinear reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
MaxLinear announced earnings per share of $1.05 on revenue of $285.70. Analysts polled by Investing.com anticipated EPS of $1.04 on revenue of $284.99M.
MaxLinear shares are down 37% from the beginning of the year and are trading at $34.50 , down-from-52-week-high.
MaxLinear shares gained 5.96% in after-hours trade the report.
MaxLinear follows other major Information Technology sector earnings this month
MaxLinear's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.
Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, compared to forecast for EPS of $1.87 on revenue of $7.57B.
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