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Maxim (MXIM) Stock Rises in After-Hours Trading on Q1 Beat

NEW YORK (TheStreet) -- Shares of Maxim Integrated Products (MXIM) were up in after-hours trading on Thursday after the company reported 2017 first-quarter results that beat analysts' expectations.

After today's closing bell, Maxim posted earnings of 48 cents per diluted share, surpassing Wall Street's estimates by a penny.

Revenue came in at $561.0 million, above analysts' projected $560.8 million.

During the same period in 2015, the San Jose, CA-based analog circuits company earned 42 cents per diluted share and $563 million in revenue.

"Despite the Samsung (SSNLF) Note 7 smartphone cancellation, we are diverse in our revenue across a broad base of...