Maxim earnings, Revenue beat in Q1

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Maxim earnings, Revenue beat in Q1
Credit: © Reuters.

Investing.com - Maxim (NASDAQ: MXIM ) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Maxim announced earnings per share of $0.72 on revenue of $619.4M. Analysts polled by Investing.com anticipated EPS of $0.58 on revenue of $545.1M.

Maxim shares are up 15.01% from the beginning of the year and are trading at $70.74 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 32.82% year to date.

Maxim follows other major Technology sector earnings this month

Maxim's report follows an earnings beat by Taiwan Semiconductor on Wednesday, October 14, 2020, who reported EPS of $0.92 on revenue of $12.4B, compared to forecasts EPS of $0.84 on revenue of $11.84B.

Intel had matched expectations on Thursday with third quarter EPS of $1.11 on revenue of $18.33B, compared to forecast for EPS of $1.11 on revenue of $18.24B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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