Maxim Integrated Products Inc. Q1 Income Climbs 12%

(RTTNews) - Maxim Integrated Products Inc. (MXIM) released a profit for its first quarter that advanced from last year.

The company said its bottom line advanced to $154.53 million, or $0.54 per share. This was up from $137.61 million, or $0.48 per share, in last year's first quarter.

Analysts had expected the company to earn $0.56 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.5% to $575.68 million. This was up from $561.40 million last year.

Maxim Integrated Products Inc. earnings at a glance:

-Earnings (Q1): $154.53 Mln. vs. $137.61 Mln. last year. -Earnings Growth (Y-o-Y): 12.3% -EPS (Q1): $0.54 vs. $0.48 last year. -EPS Growth (Y-o-Y): 12.5% -Analysts Estimate: $0.56 -Revenue (Q1): $575.68 Mln vs. $561.40 Mln last year. -Revenue Change (Y-o-Y): 2.5%

-Guidance: Next quarter EPS guidance: $0.57 - $0.63 Next quarter revenue guidance: $600 - $640 Mln