Maxim Earnings, Revenue beat In Q3

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Maxim Earnings, Revenue beat In Q3
Credit: © Reuters.

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

Maxim announced earnings per share of $0.61 on revenue of $561.9M. Analysts polled by Investing.com anticipated EPS of $0.58 on revenue of $559.52M. That with comparison to EPS of $0.52 on revenue of $542.38M in the same period a year before.Maxim had reported EPS of $0.56 on revenue of $551.1M in the previous quarter.Analysts are expecting EPS of $0.55 and revenue of $541.19M in the upcoming quarter.

Maxim shares are down 10.5% from the beginning of the year and are trading at $55.05 , down-from-52-week-high.They are outperforming the S&P 500 which is down 11.74% year to date.

Maxim follows other major Technology sector earnings this month

Maxim's report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $9.87 on revenue of $41.16B, compared to forecasts EPS of $10.73 on revenue of $40.99B.

Taiwan Semiconductor had matched expectations on Saturday with first quarter EPS of $0.75 on revenue of $10.35B, compared to forecast for EPS of $0.75 on revenue of $10.32B.

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

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