Agoracom: Small Cap Investment - POET Technologies Inc. - Macom Technology Reports Rise in Fiscal Q2 Adjusted Profit, Revenue; Sets Fiscal Q3 Goals

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Macom Technology Reports Rise in Fiscal Q2 Adjusted Profit, Revenue; Sets Fiscal Q3 Goals

posted on Apr 29, 2021 10:40AM

10:33 AM EDT, 04/29/2021 (MT Newswires) -- Macom Technology (MTSI) reported Thursday fiscal Q2 adjusted net income of $0.51 per diluted share, an increase from a gain of $0.17 a year earlier.

Analysts surveyed by Capital IQ were looking for adjusted EPS of $0.47.

Revenue stood at $150.6 million for the quarter ended April 2, compared with $126.4 million a year earlier. Street projection based on the Capital IQ poll was $150 million.

For fiscal Q3, the provider of semiconductor devices expects adjusted EPS to range between $0.52 and $0.56 on revenue of $150 million to $154 million.