Maxim Integrated Products Q1 Profit Beats Estimates - Quick Facts

(RTTNews) - Maxim Integrated Products, Inc. (MXIM) reported first-quarter net income of $103.12 million or $0.36 per share, compared to $127.89 million or $0.43 per share, last year. Adjusted income for the quarter was $119.49 million or $0.41 per share.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.39 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $585.24 million, from $623.07 million, last year. Analysts expected revenue of $584.95 million for the quarter.

The company said its results for the December 2013 quarter including Volterra are expected to be: revenue in the range of $605 million to $635 million; and earnings per share in the range of $0.34 to $0.38 GAAP, and $0.37 to $0.41 excluding special items. Analysts expect the company to report second-quarter profit per share of $0.43 on revenue of $631.22 million.

The company will pay a cash dividend of $0.26 per share on December 5, 2013, to stockholders of record on November 21, 2013.