Maxim Integrated Products Inc. Announces 13% Gain In Q4 Profit

(RTTNews) - Maxim Integrated Products Inc. (MXIM) reported a profit for its fourth quarter that increased from last year.

The company said its bottom line climbed to $140.47 million, or $0.49 per share. This was up from $124.09 million, or $0.43 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.48 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.8% to $566.13 million. This was down from $582.52 million last year.

Maxim Integrated Products Inc. earnings at a glance:

-Earnings (Q4): $140.47 Mln. vs. $124.09 Mln. last year. -Earnings Growth (Y-o-Y): 13.2% -EPS (Q4): $0.49 vs. $0.43 last year. -EPS Growth (Y-o-Y): 14.0% -Analysts Estimate: $0.48 -Revenue (Q4): $566.13 Mln vs. $582.52 Mln last year. -Revenue Change (Y-o-Y): -2.8%

-Guidance: Next quarter EPS guidance: $0.44 - $0.50 Next quarter revenue guidance: $540 - $580 Mln