Dallas, Texas 07/29/2013 (Financialstrend) – Maxim Integrated Products (NASDAQ:MXIM) has made declaration about its quarterly earnings on July 25.
For the three month period ended June 29 (Q4), the company missed approximations on grosses as well as EPS (earnings per share).
As against the same period of last year, the company’s revenue augmented to some extent, Non-GAAP income per share dropped down.
The reports said that GAAP income per share climbed up.
Income details
Maxim Integrated Products (NASDAQ:MXIM) registered income of $608.2 million. The twenty three market experts surveyed by S&P Capital IQ wished to witness income of $625.8 million on the identical basis. GAAP registered sale facts remained the same as during the same period of 2012.
Earnings per share details
Earnings per share (EPS) stood at $0.44 and the 26 income estimations assembled by S&P Capital IQ anticipated $0.47 a share. Non-GAAP earnings per share of $0.44 for the fourth quarterly period remained 2.2 per cent down as against the same period of the last year. GAAP earnings per share of $0.40 for the fourth quarterly period remained 8.1 per cent up as against the last year quarter’s $0.37 per share.
Margin facts
For the period under review, the company’s gross margin remained at 61.1 per cent, 40 bps worse than the same quarter of 2012.
The company’s operating margin stood at 25.5 per cent, 70 bps worse as against the last year quarter.
Net margin remained at 19.6 per cent, 130 bps healthier than the last-year quarter. (Margins computed in generally accepted accounting principles (GAAP) terms.)
Looking forward
The upcoming quarter’s average approximation for income stood at $586.0 million. On the bottom line, the average earnings per share estimation stood at $0.46.
Next year’s normal estimation for income stood at $2.46 billion. The average earnings per share estimation is $1.87.
Investor response
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