Maxim Integrated Meets Estimates

But sales fall nearly 5%.
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Maxim Integrated Products

(MXIM) - Get Report

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.