Rochester, NY 8/18/2009 10:13:37 PM
Maxim Integrated Products Inc., MXIM ,Maxim Earnings Plummeted by 87%
Maxim Integrated Products Inc.
Maxim Integrated Products Inc. reports financial results for the fiscal fourth quarter of $8.1 million, or 3 cents a share, on revenue of $394.5 million, as to compared to the earned profit of $66 million, or 20 cents a share, on $501.3 million in sales during the same period a year ago.
This excludes the 8 cents a share in one-time expenses, the semiconductor maker would have earned 11 cents a share. Analysts surveyed by Thomson Reuters had forecast Maxim to earn 12 cents a share on $367.8 million in revenue.
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