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.

Earnings

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:

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).

Guidance

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.