Updated from 4:55 p.m. EDT

Maxim ( MXIM) posted a 41% gain in profit in the quarter ended in March while delivering earnings in line with expectations.

In its fiscal third quarter, sales grew 29% to $370 million, slightly ahead of the consensus expectation for $368 million, according to Thomson First Call.

Net income totaled $109.2 million, with in-line earnings per share checking in at 31 cents.

Third-quarter bookings stood at $488 million, a 17% increase over the prior quarter.

The company forecast revenue of $420 million in the quarter now under way with 36 cents in earnings. That forecast reflects a one-time charge for employee bonuses of about $17.5 million, which would work out to about 3.5 cents a share, management said. Analysts were expecting June quarter sales of $397 million on earnings per share of 34 cents.

After hours, shares recently rose 21 cents or 0.5% to $46.05. In Tuesday's regular trading, the stock closed down 19 cents or 0.4% to $45.84.

As originally published, this story contained an error. Please see Corrections and Clarifications.

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