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Xilinx beats Street 3Q forecasts

SAN JOSE, Calif. (AP) _ Xilinx Inc. (XLNX) on Wednesday reported fiscal third-quarter profit of $11.9 million.

The San Jose, California-based company said it had profit of 5 cents per share. Earnings, adjusted for pretax expenses, were 76 cents per share.

The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The computer chipmaker posted revenue of $631.2 million in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $630 million.

Xilinx expects full-year revenue in the range of $635 million to $665 million.

Xilinx shares have risen 9 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 6 percent. In the final minutes of trading on Wednesday, shares hit $73.48, a climb of 25 percent 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