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Xilinx: Fiscal 3Q Earnings Snapshot

January 23, 2019

SAN JOSE, Calif. (AP) _ Xilinx Inc. (XLNX) on Wednesday reported fiscal third-quarter earnings of $239.4 million.

On a per-share basis, the San Jose, California-based company said it had net income of 93 cents. Earnings, adjusted for one-time gains and costs, came to 92 cents per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

The computer chipmaker posted revenue of $800.1 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $770.8 million.

For the current quarter ending in March, Xilinx said it expects revenue in the range of $815 million to $835 million. Analysts surveyed by Zacks had expected revenue of $775.5 million.

Xilinx shares have increased 5 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 5 percent. In the final minutes of trading on Wednesday, shares hit $89.55, a climb of 19 percent in the last 12 months.

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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

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