Maxim Integrated Products Inc. Q1 Profit Rises 11%

(RTTNews) - Maxim Integrated Products Inc. (MXIM) released earnings for its first quarter that rose compared to the same period last year.

The company said its bottom line rose to $120.31 million, or $0.42 per share. This was up from $108.62 million, or $0.38 per share, in last year's first quarter.

Analysts had expected the company to earn $0.42 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.1% to $562.51 million. This was down from $580.28 million last year.

Maxim Integrated Products Inc. earnings at a glance:

-Earnings (Q1): $120.31 Mln. vs. $108.62 Mln. last year. -Earnings Growth (Y-o-Y): 10.8% -EPS (Q1): $0.42 vs. $0.38 last year. -EPS Growth (Y-o-Y): 10.5% -Analysts Estimate: $0.42 -Revenue (Q1): $562.51 Mln vs. $580.28 Mln last year. -Revenue Change (Y-o-Y): -3.1%

-Guidance: Next quarter EPS guidance: $0.29 - $0.35 Next quarter revenue guidance: $490 - $520 Mln