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Xilinx: Fiscal 2Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ Xilinx Inc. (XLNX) on Wednesday reported fiscal second-quarter profit of $215.7 million.

The San Jose, California-based company said it had profit of 84 cents per share. Earnings, adjusted for one-time gains and costs, were 87 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The computer chipmaker posted revenue of $746.3 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $710.3 million.

For the current quarter ending in January, Xilinx said it expects revenue in the range of $760 million to $780 million. Analysts surveyed by Zacks had expected revenue of $721.3 million.

The company expects full-year revenue in the range of $2.95 billion to $3 billion.

Xilinx shares have climbed slightly more than 2 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased nearly 1 percent. In the final minutes of trading on Wednesday, shares hit $69.04, a decline of nearly 4 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