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Xilinx: Fiscal 3Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ Xilinx Inc. (XLNX) on Tuesday reported fiscal third-quarter profit of $162 million.

On a per-share basis, the San Jose, California-based company said it had net income of 64 cents. Earnings, adjusted for one-time gains and costs, came to 68 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.

The computer chipmaker posted revenue of $723.5 million in the period, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $725.7 million.

For the current quarter ending in March, Xilinx said it expects revenue in the range of $750 million to $780 million. Analysts surveyed by Zacks had expected revenue of $813.3 million.

Xilinx shares have risen almost 1% since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 1%. In the final minutes of trading on Tuesday, shares hit $98.61, a decrease of almost 10% 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