RTTNews | Jul 27, 2021 04:07PM EDT

16:07 Tuesday, July 27, 2021 (RTTNews.com) - Maxim Integrated Products Inc. (MXIM) released a profit for its fourth quarter that climbed from last year.

The company's earnings came in at $253.74 million, or $0.93 per share. This compares with $207.30 million, or $0.77 per share, in last year's fourth quarter.

Excluding items, Maxim Integrated Products Inc. reported adjusted earnings of $246.44 million or $0.91 per share for the period.

Analysts had expected the company to earn $0.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 32.0% to $719.86 million from $545.37 million last year.

Maxim Integrated Products Inc. earnings at a glance:

-Earnings (Q4): $246.44 Mln. vs. $156.13 Mln. last year.-EPS (Q4): $0.91 vs. $0.58 last year.-Analysts Estimate: $0.84-Revenue (Q4): $719.86 Mln vs. $545.37 Mln last year.

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