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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
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12/19/201110:21:26Xilinx Cuts 3Q Sales Guidance On Weakness In Communications Segment
07/20/201117:38:16Xilinx 1Q Net Down 2.7% On Lower Margins; Sales Rise
04/27/201117:19:01Xilinx 4Q Profit Rises 7.8%; 1Q Revenue View Above Street
03/16/201116:50:10TECH STOCKS: Tech Stocks Lead Broad Market Retreat
03/16/201115:07:07TECH STOCKS: Tech Stocks Join In Swift Market Slump
03/14/201108:51:13Xilinx Boosts Quarterly Dividend To 19 Cents From 16 Cents
03/11/201117:20:10TECH STOCKS: National Semi Gains Lead Tech Rally
03/11/201110:40:57TECH STOCKS: National Semi Gains, Though Tech Stocks Slip
01/19/201117:49:19Xilinx 3Q Profit Up 42% As Revenue, Margins Improve
12/22/201016:29:11TECH STOCKS: Tech Stocks Eke Out Small Gains
12/22/201011:22:52TECH STOCKS: Chip Stocks Lead In Weak Session For Tech
12/21/201017:41:50Xilinx Cuts 3Q Sales View On Weakness In Wireless Segment
11/11/201016:47:27TECH STOCKS: Cisco's Outlook Slams The Tech Sector
11/11/201010:45:49TECH STOCKS: Cisco Outlook Sends Tech Sector Slumping

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