Benzinga | Jul 29, 2020 05:51PM EDT

Recap: MACOM Technology Q3 Earnings

Shares of MACOM Technology (NASDAQ:MTSI) moved higher by 11.22% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 178.57% over the past year to $0.33, which beat the estimate of $0.21.

Revenue of $137,267,000 up by 26.74% year over year, which beat the estimate of $131,260,000.

Looking Ahead

Q4 EPS expected to be between $0.36 and $0.40.

Q4 revenue expected between $144,000,000 and $148,000,000.

Details Of The Call

Date: Jul 29, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/cqqw38ok

Price Action

52-week high: $39.25

Company's 52-week low was at $15.03

Price action over last quarter: Up 27.20%

Company Profile

MACOM Technology Solutions Holdings Inc is a provider of analog, digital and mixed-signal semiconductor solutions to original equipment manufacturers and distributors. These solutions are found in systems for industrial, medical, scientific, and test and measurement markets. The firm's portfolio of products includes integrated circuits, multichip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems. Roughly a third of the firm's revenue is generated in the United States, with the rest coming from China, Taiwan, and other countries across the world.