Xilinx: Fiscal 2Q Earnings Snapshot

October 23, 2019 GMT

SAN JOSE, Calif. (AP) _ Xilinx Inc. (XLNX) on Wednesday reported fiscal second-quarter profit of $227 million.

On a per-share basis, the San Jose, California-based company said it had profit of 89 cents. Earnings, adjusted for one-time gains and costs, came to 94 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.

The computer chipmaker posted revenue of $833.4 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $827 million.

For the current quarter ending in January, Xilinx said it expects revenue in the range of $710 million to $740 million. Analysts surveyed by Zacks had expected revenue of $847.2 million.

The company expects full-year revenue in the range of $3.21 billion to $3.28 billion.

Xilinx shares have increased 10% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 20%. In the final minutes of trading on Wednesday, shares hit $93.83, an increase of 25% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XLNX at https://www.zacks.com/ap/XLNX