U.S. Markets close in 48 mins

Maxim Earnings, Revenue Beat in Q1

Maxim Earnings, Revenue Beat in Q1

Investing.com - Maxim (NASDAQ:MXIM) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.

The firm reported earnings per share of $0.52 on revenue of $533M. Analysts polled by Investing.com anticipated EPS of $0.49 on revenue of $530.89M. That compared to EPS of $0.75 on revenue of $638.5M in the same period a year earlier. The company had reported EPS of $0.57 on revenue of $556.55M in the previous quarter.

Maxim shares gained 6.67% to trade at $62.20 in after-hours trade following the report.


Maxim follows other major Technology sector earnings this month

On October 23, Microsoft reported first quarter EPS of $1.38 on revenue of $33.06B, compared to forecasts of EPS of $1.25 on revenue of $32.15B.

Alphabet C earnings missed analysts' expectations on Monday, with third quarter EPS of $10.12 on revenue of $40.5B. Investing.com analysts expected EPS of $12.28 on revenue of $40.3B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Related Articles

Stocks - S&P Pulls Back as Investors Take Some Profits Ahead of Fed

J&J says new tests find no asbestos in same baby power bottle that sparked recall

Verisk Earnings Miss, Revenue Beats In Q3