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Xilinx stock soars after results, outlook top expectations

Emily Bary

Shares of Xilinx Inc. (xlnx) were up 9.8% in after-hours trading Wednesday after the company reported better-than-expected quarterly results and issued an outlook for the current quarter that exceeded analyst projections. The supplier of programmable logic devices reported fiscal first-quarter net income of $190 million, up from $157 million a year earlier. Revenue for Xilinx rose to $684 million in the quarter, up from $603 million in the year-earlier period.