From RTTNews:

MACOM Technology Solutions Holdings, Inc. reported a first quarter net income of $12.5 million, or $0.17 per share, down from $29.5 million, or $0.41 per share, last year. Adjusted net income was $41.8 million, or $0.58 per share, compared to adjusted net income of $58.0 million, or $0.81 per share. Analysts had expected profit per share of $0.57 for the quarter.

First quarter revenue was $157.1 million, a 12.7% decrease from last year’s $180.1 million. Analysts had estimated $152.12 million in revenue. For the second quarter, MACOM expects revenue to be between $178 million to $184 million. Adjusted earnings per share is expected to be between $0.56 and $0.62.

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