Maxim Integrated Products (MXIM) Tops Q4 EPS by 3c, Revenues Beat; Offers 1Q29 EPS Guidance Above Consensus

Maxim Integrated Products (NASDAQ: MXIM) reported Q4 EPS of $0.73, $0.03 better than the analyst estimate of $0.70. Revenue for the quarter came in at $633.15 million versus the consensus estimate of $630.37 million.

Tunc Doluca, President and Chief Executive Officer, commented, "We are pleased with our June quarter results. Our power management franchise in Automotive and Industrial is producing sustainable and profitable growth." Mr. Doluca continued, "This execution against our strategy is resulting in strong and predictable cash flows, which support our industry-leading dividend and stock repurchase plans. Today, we are announcing a 10% increase in our dividend, reflecting our continued commitment to return cash to shareholders and confidence in our long-term outlook."

GUIDANCE:

Maxim Integrated Products sees Q1 2019 EPS of $0.72-$0.78, versus the consensus of $0.69. Maxim Integrated Products sees Q1 2019 revenue of $615-655 million, versus the consensus of $627.49 million.

For earnings history and earnings-related data on Maxim Integrated Products (MXIM) click here.

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