Investing.com - Maxim (NASDAQ:MXIM) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Maxim announced earnings per share of $0.58 on revenue of $545.4M. Analysts polled by Investing.com anticipated EPS of $0.56 on revenue of $538.45M.
Maxim shares are up 12.08% from the beginning of the year and are trading at $69.01 , down-from-52-week-high.They are outperforming the S&P 500 which is down 0.38% from the start of the year.
Maxim shares gained 0.10% in after-hours trade following the report.
Maxim follows other major Technology sector earnings this month
Maxim's report follows an earnings beat by Microsoft on Wednesday, July 22, 2020, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.
Taiwan Semiconductor had beat expectations on Wednesday, July 15, 2020 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar