Maxim Integrated Products Inc. Q1 Income Advances 15%

(RTTNews) - Maxim Integrated Products Inc. (MXIM) announced a profit for its first quarter that increased compared to the same period last year.

The company said its bottom line totaled $138.23 million, or $0.48 per share. This was up from $120.31 million, or $0.42 per share, in last year's first quarter.

Analysts had expected the company to earn $0.47 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.2% to $561.40 million. This was down from $562.51 million last year.

Maxim Integrated Products Inc. earnings at a glance:

-Earnings (Q1): $138.23 Mln. vs. $120.31 Mln. last year. -Earnings Growth (Y-o-Y): 14.9% -EPS (Q1): $0.48 vs. $0.42 last year. -EPS Growth (Y-o-Y): 14.3% -Analysts Estimate: $0.47 -Revenue (Q1): $561.40 Mln vs. $562.51 Mln last year. -Revenue Change (Y-o-Y): -0.2%

-Guidance: Next quarter EPS guidance: $0.40 - $0.46 Next quarter revenue guidance: $520 - $560 Mln