Maxim Integrated's Sales Rise

Updated from 4:26 p.m. EDT

SAN FRANCISCO -- Maxim Integrated Products(MXIM Quote) increased its revenue modestly in its fiscal first quarter, but once again left investors guessing about its bottom-line performance.

The Sunnyvale, Calif., chipmaker offered limited financial results after Thursday's market close, as the company slogs through a restatement of past earnings reports to account for stock-option backdating.

Maxim's inability to file quarterly reports on time during the restatement process has gotten it ejected from the Nasdaq exchange, with its shares now trading on the Pink Sheets.

In the three months ended Sept. 29, Maxim said sales totaled $522.7 million, in line with analysts' expectations. At this time last year, Maxim had sales of $502.7 million.

Analysts polled by Thomson Financial were expecting EPS of 33 cents, although the company was silent on that score.

CEO Tunc Doluca said the company exhibited consistent revenue growth and strong cash flow.

"During the quarter, yields and cycle times improved, and we reduced our inventory and capital expenditures," Doluca said in a statement.

The company said it saw strong growth in its computing and consumer entertainment businesses, while sales to industrial markets declined sequentially.

The increased proportion of notebook chip sales during the quarter weighed Maxim's gross margin down by 40 basis points sequentially, although the company did not specify what its gross profit margin was.