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Xilinx: Fiscal 1Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ Xilinx Inc. (XLNX) on Wednesday reported fiscal first-quarter earnings of $190 million.

On a per-share basis, the San Jose, California-based company said it had profit of 74 cents.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The computer chipmaker posted revenue of $684.4 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $672.2 million.

For the current quarter ending in October, Xilinx said it expects revenue in the range of $700 million to $720 million. Analysts surveyed by Zacks had expected revenue of $680 million.

The company expects full-year revenue in the range of $2.8 billion to $2.9 billion.

Xilinx shares have risen roughly 1 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 6.5 percent. In the final minutes of trading on Wednesday, shares hit $67.97, a climb of slightly more than 5 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