MACOM Technology Solns MTSI reported its Q3 earnings results on Thursday, July 28, 2022 at 07:30 AM.
Here's what investors need to know about the announcement.
Earnings
MACOM Technology Solns beat estimated earnings by 4.29%, reporting an EPS of $0.73 versus an estimate of $0.7.
Revenue was up $19.64 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 1.81% drop in the share price the next day.
Here's a look at MACOM Technology Solns's past performance:
Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
---|---|---|---|---|
EPS Estimate | 0.66 | 0.62 | 0.58 | 0.53 |
EPS Actual | 0.68 | 0.64 | 0.61 | 0.57 |
Revenue Estimate | 163.25M | 159.21M | 155.01M | 152.10M |
Revenue Actual | 165.15M | 159.62M | 155.21M | 152.62M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
MACOM Technology Solns management provided guidance for Q4 2022, expecting earnings between $0.74 and $0.78 per share.
To track all earnings releases for MACOM Technology Solns visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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