Maxim Integrated Products Inc. Q3 adjusted earnings Beat Estimates
SUNNYVALE (dpa-AFX) - Maxim Integrated Products Inc. (MXIM) announced earnings for its third quarter that climbed from the same period last year.
The company s profit totaled $220.06 million, or $0.81 per share. This compares with $161.19 million, or $0.59 per share, in last year s third quarter.
Excluding items, Maxim Integrated Products Inc. reported adjusted earnings of $221.69 million or $0.82 per share for the period.
Analysts had expected the company to earn $0.74 per share, according to figures compiled by Thomson Reuters. Analysts estimates typically exclude special items.
The company s revenue for the quarter rose 18.3% to $665.03 million from $561.92 million last year.
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