Updated from Aug. 6
shares rose Monday after the company posted in-line results for the final quarter of fiscal 2004 on Friday and said that courtesy of its strong business performance, it had issued a one-time bonus to mid- and lower-level employees.
The company's shares were recently up 70 cents, or 1.6%, to $44.93.
The Sunnyvale, Calif.-based chipmaker reported a fourth-quarter profit of $124.7 million, up 53% from the same quarter a year ago. On a per-share basis, the company earned 36 cents, meeting the consensus estimate and up from 24 cents a year ago.
Revenue grew 43% from last year's levels to $421 million, in line with the consensus estimate. Sales were up nearly 14% from the prior quarter.
Maxim said it awarded employees below the managing director level a one-time bonus worth an aggregate $17.5 million.
The company said fourth-quarter bookings rose 9% to $535 million. Orders grew in all geographic regions except for Europe, with the strongest bookings growth coming from the Pacific Rim and Japan.
On a post-close conference call, the company gave guidance for net revenue of $455 million and EPS of 42 cents in the fiscal first quarter now underway; this is slightly above the respective consensus estimates for $448 million and 41 cents.
After-hours shares were up 52 cents, or 1.2%, to $44.75. In regular trading, shares closed down $2.22 or 4.8% to $44.36.