Yahoo Finance Maxim Earnings, Revenue Beat in Q2
Investing.com - Maxim (NASDAQ:MXIM) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Maxim announced earnings per share of $0.56 on revenue of $551.1M. Analysts polled by Investing.com expected EPS of $0.53 on revenue of $544.07M. That compared to EPS of $0.6 on revenue of $576.91M in the same period a year before.Maxim had reported EPS of $0.52 on revenue of $533.04M in the prior quarter.Analysts are forecasting EPS of $0.56 and revenue of $555.73M in the upcoming quarter.
Maxim stock's are up 0.98% since the start of the year and is trading at $66.80 , still down 5.51% from its 52 week high of $65.73 set on July 24, 2019.
Maxim shares gained 7.55% to trade at $66.80 in after-hours trade following the report.
Maxim follows other major Technology sector earnings this month
Maxim's report follows an earnings beat by IBM on January 21, who reported EPS of $4.71 on revenue of $21.78B, was in comparison with forecasts EPS of $4.69 on revenue of $21.64B.
Intel had beat expectations on Thursday with fourth quarter EPS of $1.52 on revenue of $20.21B, compared to expected for EPS of $1.25 on revenue of $19.23B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
Related Articles
Apple Earnings, Revenue Beat in Q1
