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MACOM Technology's Fiscal Q3 Earnings, Revenue Increase; Shares Rise Pre-Bell
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MACOM Technology's Fiscal Q3 Earnings, Revenue Increase; Shares Rise Pre-Bell
Aug 1, 2024 6:38 AM

09:08 AM EDT, 08/01/2024 (MT Newswires) -- MACOM Technology Solutions Holdings ( MTSI ) reported fiscal Q3 adjusted earnings Thursday of $0.66 per diluted share, up from $0.54 a year earlier.

Analysts polled by Capital IQ expected $0.66.

Revenue for the quarter ended June 28 was $190.5 million, up from $148.5 million a year earlier.

Analysts polled by Capital IQ expected $190 million.

For fiscal Q4, the company said it expects adjusted EPS of $0.70 to 40.76 on revenue of $197 million to $203 million. Analysts surveyed by Capital IQ are looking for adjusted EPS of $0.72 on revenue of $199 million.

Shares of the company were up 4% in recent Thursday premarket activity.

Price: 105.00, Change: +4.08, Percent Change: +4.04

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