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Xilinx: Fiscal 1Q Earnings Snapshot

July 24, 2019

SAN JOSE, Calif. (AP) _ Xilinx Inc. (XLNX) on Wednesday reported fiscal first-quarter net income of $241.5 million.

On a per-share basis, the San Jose, California-based company said it had profit of 94 cents. Earnings, adjusted for one-time gains and costs, came to 97 cents per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.

The computer chipmaker posted revenue of $849.6 million in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $850.5 million.

For the current quarter ending in October, Xilinx said it expects revenue in the range of $800 million to $850 million. Analysts surveyed by Zacks had expected revenue of $856.6 million.

Xilinx shares have climbed 55% 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 $132.14, a climb of 95% 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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