Investing.com - Maxim (NASDAQ:MXIM) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Maxim announced earnings per share of $0.61 on revenue of $561.9M. Analysts polled by Investing.com anticipated EPS of $0.58 on revenue of $559.52M. That with comparison to EPS of $0.52 on revenue of $542.38M in the same period a year before. Maxim had reported EPS of $0.56 on revenue of $551.1M in the previous quarter. Analysts are expecting EPS of $0.55 and revenue of $541.19M in the upcoming quarter.
Maxim shares are down 10.5% from the beginning of the year , still down 16.25% from its 52 week high of $65.73 set on July 24, 2019. They are outperforming the S&P 500 which is down 11.74% year to date.
Maxim follows other major Technology sector earnings this month
Maxim's report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $9.87 on revenue of $41.16B, compared to forecasts EPS of $10.73 on revenue of $40.99B.
Taiwan Semiconductor had matched expectations on Saturday with first quarter EPS of $0.75 on revenue of $10.35B, compared to forecast for EPS of $0.75 on revenue of $10.32B.
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