10:06 AM EDT, 05/02/2024 (MT Newswires) -- MACOM Technology Solutions Holdings ( MTSI ) shares were down 2% in recent Thursday trading after posting fiscal Q2 adjusted net income of $0.59 per diluted share, down from $0.79 a year earlier.

Analysts polled by Capital IQ expected $0.59.

Revenue for the quarter ended March 29 was $181.2 million, up from $169.4 million a year earlier.

Analysts surveyed by Capital IQ expected $181 million.

For fiscal Q3, the company said it expects adjusted earnings in the range of $0.63 to $0.69 per diluted share on revenue in the range of $187 million to $193 million. Analysts polled by Capital IQ expect $0.65 on revenue of $188.2 million.

Price: 97.08, Change: -2.05, Percent Change: -2.06