Investing.com - Maxim reported second quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.6 on revenue of $576.9M. Analysts polled by Investing.com anticipated EPS of $0.62 on revenue of $590.49M. That compared to EPS of $0.65 on revenue of $622.6M in the same period a year earlier. The company had reported EPS of $0.75 on revenue of $638.5M in the previous quarter.
Maxim shares lost 4.15% to trade at $52.70 in after-hours trade following the report.
Maxim follows other major Technology sector earnings this month
On Thursday, Intel reported fourth quarter EPS of $1.28 on revenue of $18.66B, compared to forecasts of EPS of $1.22 on revenue of $19.01B.
Taiwan Semiconductor earnings beat analyst's expectations on January 17, with fourth quarter EPS of $0.63 on revenue of $9.4B. Investing.com analysts expected EPS of $0.62 on revenue of $9.36B
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