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    MACOM Technology Solutions Holdings Inc. fell 1.68% to $67.38 after better-than-expected earnings

    shivachetanbijjal@gmail.comBy shivachetanbijjal@gmail.comFebruary 2, 2023No Comments2 Mins Read
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    MACOM Technology Solutions Holdings Inc. (MTSI) said before Thursday’s opening bell that it will earn $0.81 per share in the first quarter of 2023. The company’s reported earnings are reported on an adjusted basis, so they may not be directly comparable to analyst estimates or prior periods.

    On the revenue front, the company reported revenue of $180.1 million, beating estimates by $394,000.

    In the same period last year, the company earned $0.64 per share on revenue of $159.6 million.

    The stock fell 1.68% to $67.38 following the report.

    The company’s lower revenue growth rate shows that the company has been able to reduce costs and improve its overall profit margins.

    Prior to the report, Wall Street analysts had an average rating of “buy” on the stock.

    Trading in the five days before the report gave MACOM Technology Solutions Holdings Inc. gains from investment observer.

    MACOM Technology Solutions Holdings Inc. Has Performed Strongly Over the Past Month, Top Long-Term Technology Rankings investment observer 82, which ranks MACOM Technology Solutions Holdings Inc. in the top 25% of stocks. The company last traded at a 52-week high of $72.64 on November 15, 2022 and a 52-week low of $42.85 on July 5, 2022.

    MACOM Technology Solutions Holdings Inc is a supplier of analog, digital and mixed-signal semiconductor solutions to original equipment manufacturers and distributors. These solutions exist in systems for the industrial, medical, scientific, and test and measurement markets. The company’s product portfolio includes integrated circuits, multichip modules, power trays and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems. About one-third of the company’s revenue comes from the United States, with the rest coming from China, Taiwan, and other countries around the world.

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