Maxim Integrated Products Inc. Q2 Earnings Retreat 1%

(RTTNews) - Maxim Integrated Products Inc. (MXIM) released a profit for second quarter that declined compared to the same period last year.

The company said its earnings fell to $92.82 million, or $0.32 per share. This was down from $93.68 million, or $0.33 per share, in last year's second quarter.

Analysts had expected the company to earn $0.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.9% to $510.83 million. This was down from $566.81 million last year.

Maxim Integrated Products Inc. earnings at a glance:

-Earnings (Q2): $92.82 Mln. vs. $93.68 Mln. last year. -Earnings Decline (Y-o-Y): -0.9% -EPS (Q2): $0.32 vs. $0.33 last year. -EPS Decline (Y-o-Y): -3.0% -Analysts Estimate: $0.32 -Revenue (Q2): $510.83 Mln vs. $566.81 Mln last year. -Revenue Change (Y-o-Y): -9.9%

-Guidance: Next quarter EPS guidance: $0.38 - $0.44 Next quarter revenue guidance: $535 - $575 Mln