Chip maker Maxim Integrated Products (MXIM) this afternoon reported better-than-expected results for its fiscal first quarter ended September 25.
For the quarter, MXIM posted revenue of $626.1 million and adjusted profits of 43 cents a share, ahead of the Street at $614 million and 37 cents.
For FY Q2, the company sees revenue of $595 million to $625 million, and non-GAAP profits of 39-44 cents; the Street has been expecting $603.8 million and 35 cents.
In late trading, MXIM is up 38 cents, or 1.9%, to $20.04.
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