Maxim (MXIM) Tops Q3 EPS by 5c, Revenue Misses, Guides Q4 Wells Short of Views

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Maxim Integrated Reports Results For The Third Quarter Of Fiscal 2015

April 23, 2015 4:01 PM EDT

SAN JOSE, Calif., April 23, 2015 /PRNewswire/ -- Maxim Integrated Products, Inc. (NASDAQ: MXIM) reported net revenue of $577 million for its third quarter of fiscal 2015 ended March 28, 2015, a 2% increase from the $567 million revenue recorded in the prior quarter, and a 5% decrease from the same quarter of last year.

Tunc Doluca, President and Chief Executive Officer, commented, "Our March quarter revenue performance was stronger than seasonal levels, but slightly below the midpoint of our expectations.  During the quarter, we diversified our revenue... More