Maxim Integrated Products
posted fiscal fourth-quarter results Monday in line with expectations, although sales fell nearly 5%.
Maxim reported net income of $126.1 million, or 37 cents a share, on sales of $400.4 million. During the same quarter last year, the Sunnyvale, Calif.-based maker of analog circuits earned $124.7 million, or 36 cents a share, on sales of $421 million.
Analysts on average had expected earnings of 37 cents a share on sales of $400.4 million, according to Thomson First Call.
Fourth-quarter bookings rose 7% sequentially to $398 million.
The after-hours report recently nudged shares of Maxim up slightly to $42.06 on Instinet after the stock closed up a penny to $41.98.