Maxim Integrated Products (MXIM) Tops Q3 EPS by 3c; Guides In-Line

Maxim Integrated Products (NASDAQ: MXIM) reported Q3 EPS of $0.56, $0.03 better than the analyst estimate of $0.53. Revenue for the quarter came in at $581 million versus the consensus estimate of $575.73 million.

GUIDANCE:

Maxim Integrated Products sees Q4 2017 EPS of $0.59-$0.65, versus the consensus of $0.58. Maxim Integrated Products sees Q4 2017 revenue of $590-630 million, versus the consensus of $597.81 million.

Tunc Doluca, President and Chief Executive Officer, commented, "Our strong growth in the March quarter enabled us to exceed our revenue and profitability targets. This momentum was led by Automotive and Industrial growth relative to the March quarter of last year." Mr. Doluca continued, "Our return to growth and strong profitability confirms that our R&D investment strategy and manufacturing transformation are on track and delivering great results."

For earnings history and earnings-related data on Maxim Integrated Products (MXIM) click here.

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