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Xilinx Earnings, Revenue Beat in Q1

Investing.com - Xilinx (NASDAQ:XLNX) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.

The firm reported earnings per share of $0.97 on revenue of $849.6M. Analysts polled by Investing.com forecast EPS of $0.93 on revenue of $848.14M. That compared to EPS of $0.74 on revenue of $684.37M in the same period a year earlier. The company had reported EPS of $0.95 on revenue of $828.36M in the previous quarter.

Xilinx shares lost 4.04% to trade at $126.80 in after-hours trade following the report.

Xilinx follows other major Technology sector earnings this month

On July 18, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.

Facebook earnings beat analysts' expectations on Wednesday, with second quarter EPS of $1.99 on revenue of $16.89B. Investing.com analysts expected EPS of $1.87 on revenue of $16.5B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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