Maxim Reports Revised Guidance for Flat June Quarter

Maxim Integrated Products Inc. (Sunnyvale, CA) reported that net revenue for the current quarter should be $400 million, or $0.37 per diluted share. That guidance was based on bookings and turns orders through the first 10 weeks of the current quarter, its fiscal fourth quarter. That would make revenues flat with the prior quarter's revenue of $400.2 million.