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Xilinx 4Q Profit Rises 7.8%; 1Q Revenue View Above Street

DOW JONES NEWSWIRES Xilinx Inc.'s (XLNX) fiscal fourth-quarter earnings rose 7.8%, beating analysts' estimates, as the chip maker's revenue increased. The company also forecast current-quarter revenue of $587.9 million to $617.3 million. Analysts surveyed by Thomson Reuters had expected $586 million. Shares were up 2.1% to $33.55 after hours. As of the close, the stock had risen 25% over the past year. The programmable chip maker, which makes chips used on cellphone base stations, network routers, DVD players and cable modems, has seen revenue grow broadly, though it had cut top-line forecasts. The company in March boosted its quarterly dividend and at the same time reiterated its fourth-quarter sales guidance, saying it was "still in the process" of evaluating its situation in Japan after the island nation was rocked by an earthquake and tsunami. For the quarter ended April 2, Xilinx reported a profit of $160.1 million, or 59 cents a share, up from $148.5 million, or 54 cents, a year earlier. Analysts polled by Thomson Reuters had most recently forecast earnings of 52 cents. Revenue jumped 11% to $587.9 million. The company had forecast revenue of $567.2 million to $595.5 million. -By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com;

Stock News for Xilinx (XLNX)
DateTimeHeadline
02/03/201607:00:00Xilinx Announces Data Center Ecosystem Investment Program to...
02/02/201607:00:00Xilinx Transceiver Breakthrough Brings Greater Cost Efficiency...
01/29/201618:29:12Statement of Changes in Beneficial Ownership (4)
01/28/201607:00:00Xilinx Ships 16nm Virtex UltraScale+ Devices; Industry's First...
01/26/201608:10:00Xilinx Leads Multicore Association OpenAMP Group to Accelerate...
01/25/201607:00:00Xilinx Demonstrates Next Generation Video Over IP, Processing...
01/21/201615:10:00Xilinx Soars on Buyout Hopes
01/20/201616:26:30Current Report Filing (8-k)
01/20/201616:20:00Xilinx Announces Q3 Fiscal 2016 Results; Strong New Product Growth...
01/12/201617:57:11Statement of Changes in Beneficial Ownership (4)
01/11/201607:00:00Xilinx Demonstrates 16nm Heterogeneous Multi-Processing SoC Solutions...
01/07/201607:00:00Skreens Demonstrates Latest Consumer Integrated Display Platform...
12/28/201521:47:00Correction to Intel Completes Altera Acquisition Story
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12/21/201507:00:00Xcell Software Journal Issue 2 Now Available
12/08/201507:00:00Xilinx Announces Publicly Available Tools and Documentation for...
12/03/201509:35:03Intel Corporation's CEO Justifies Its Altera Buy
12/01/201507:00:00Xilinx Launches Vivado Design Suite HLx Editions, Bringing Ultra...
11/27/201517:00:08Qualcomm Inc. vs. Intel Corporation: Which Will Win in the Internet...
11/24/201521:04:02IBM vs. Intel Corporation: The Data Center Battle Escalates

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