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Maxim Integrated Products Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Maxim Integrated Products Inc. (MXIM) announced earnings for first quarter that fell from last year.

The company's earnings came in at $140.16 million, or $0.51 per share. This compares with $197.42 million, or $0.70 per share, in last year's first quarter.

Excluding items, Maxim Integrated Products Inc. reported adjusted earnings of $141.77 million or $0.52 per share for the period.

Analysts had expected the company to earn $0.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 16.5% to $533.04 million from $638.49 million last year.
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