MACOM Technology Solns (NASDAQ: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.
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|
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).
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.