27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
MACOM Technology Solns (NASDAQ:MTSI) reported its Q2 earnings results on Thursday, May 4, 2023 at 07:30 AM.
Here's what investors need to know about the announcement.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Earnings
MACOM Technology Solns beat estimated earnings by 1.28%, reporting an EPS of $0.79 versus an estimate of $0.78.
Revenue was up $4.26 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 0.8% drop in the share price the next day.
Here's a look at MACOM Technology Solns's past performance:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.78 | 0.76 | 0.70 | 0.66 |
| EPS Actual | 0.81 | 0.77 | 0.73 | 0.68 |
| Revenue Estimate | 179.71M | 177.68M | 170.82M | 163.25M |
| Revenue Actual | 180.10M | 178.14M | 172.26M | 165.15M |
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.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.