Maxim Integrated Products (MXIM) Tops Q2 EPS by 3c

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Maxim Integrated Reports Results For The Second Quarter Of Fiscal 2017

January 26, 2017 4:05 PM EST

SAN JOSE, Calif., Jan. 26, 2017 /PRNewswire/ -- Maxim Integrated Products, Inc. (NASDAQ: MXIM) reported net revenue of $551 million for its second quarter of fiscal 2017 ended December 24, 2016, a 2% decrease from the $561 million revenue recorded in the prior quarter, and an 8% increase from the same quarter of last year.

Tunc Doluca, President and Chief Executive Officer, commented, "Our December quarter marked the beginning of our return to revenue growth, as Automotive, Core Industrial and diversification in Consumer... More