MaxLinear Inc.
(NASDAQ:MXL) stock fell in premarket trading Friday despite a second-quarter earnings beat and strong third-quarter guidance.
After soaring 423.47% year to date, the stock appeared priced for perfection, making it susceptible to a pullback even after positive news.
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Second-quarter revenue rose 55% year over year and 23% sequentially to $168.8 million, beating the $164.702 million analyst estimate.
