October 28, 2010 / 9:22 PM / 9 years ago

UPDATE 1-Maxim Integrated Q1 tops Street view, sees strong Q2

* Q1 adj EPS $0.43 vs est $0.37

* Q1 rev $626.1 mln vs est $614.2 mln

* Q2 adj EPS view $0.39-$0.44 vs est $0.35

* Sees Q2 rev $595-$625 mln vs est $603.8 mln

* Shares up 6 percent

Oct 28 (Reuters) - Chipmaker Maxim Integrated Products Inc (MXIM.O) posted first-quarter results above Wall Street expectations, helped by design wins and continued demand, and forecast a strong second quarter.

Shares of the company were up 6 percent at $20.85 in extended trade.

The company sees second-quarter earnings of 39-44 cents a share, excluding items, on revenue of $595-$625 million.

Analysts were expecting earnings of 35 cents a share, excluding items, on revenue of $603.8 million, according to Thomson Reuters I/B/E/S.

Maxim Integrated, which competes with Analog Devices Inc ADI.N, National Semiconductor Corp NSM.N and Texas Instruments Inc TXN.N, makes analog and mixed-signal chips for automotive, communications, consumer electronics and computing and storage markets.

For the first quarter, the company’s earnings almost tripled to $117.6 million, or 39 cents a share, from $42 million, or 13 cents a share, a year ago. Excluding items, Maxim earned 43 cents a share.

Revenue rose 39 percent to $626.1 million.

Analysts were expecting the company to earn 37 cents a share, before items, on revenue of $614 million, according to Thomson Reuters I/B/E/S.

Shares of Sunnyvale, California-based Maxim have risen 9 percent since the company reported fourth-quarter results on July 29. (Reporting by Siddharth Cavale in Bangalore; Editing by Vinu Pilakkott)

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