Maxim Earnings, Revenue beat In Q1

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Maxim Earnings, Revenue beat In Q1
Credit: © Reuters.

Investing.com - Maxim (NASDAQ: MXIM ) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Maxim announced earnings per share of $0.72 on revenue of $619.4M. Analysts polled by Investing.com anticipated EPS of $0.58 on revenue of $545.1M.

Maxim shares are up 15.01% from the beginning of the year and are trading at $70.74 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 32.82% from the start of the year.

Maxim follows other major Technology sector earnings this month

Maxim's report follows an earnings beat by Taiwan Semiconductor on Wednesday, October 14, 2020, who reported EPS of $0.92 on revenue of $12.4B, compared to forecasts EPS of $0.84 on revenue of $11.84B.

Intel had matched expectations on Thursday with third quarter EPS of $1.11 on revenue of $18.33B, compared to forecast for EPS of $1.11 on revenue of $18.24B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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