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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
07/23/201507:00:00Xilinx Receives Prestigious 2015 EE Times and EDN ACE Award for...
07/22/201516:41:44Current Report Filing (8-k)
07/22/201516:20:00Xilinx Announces Q1 Fiscal 2016 Results; 20nm Sales Exceed $10...
07/21/201507:00:00Xilinx Announces Vivado Design Suite Early Access Support for...
07/20/201507:00:00Xilinx Launches Public Access of the SDSoC Development Environment...
07/16/201507:00:00"Xcell Journal" Special Edition: Xilinx Customers Shape a Brilliant...
07/15/201517:00:00Xilinx Joins the Industrial Internet Consortium to Collaborate...
07/02/201519:50:03Statement of Changes in Beneficial Ownership (4)
07/02/201519:43:39Statement of Changes in Beneficial Ownership (4)
07/02/201519:43:39Statement of Changes in Beneficial Ownership (4)
07/02/201519:43:11Statement of Changes in Beneficial Ownership (4)
07/02/201519:36:32Statement of Changes in Beneficial Ownership (4)
07/02/201519:36:04Statement of Changes in Beneficial Ownership (4)
07/01/201519:29:15Statement of Changes in Beneficial Ownership (4)
07/01/201507:00:00Xilinx Tapes-Out Industry's First All Programmable Multi-Processor...
06/30/201507:00:00Xilinx and China Mobile Research Institute Collaborate on Next...
06/11/201507:00:00Xilinx Demonstrates 'Any Media over Any Network' Solutions for...
06/10/201513:18:00Xilinx Wins Leading Lights Award for Outstanding Components Vendor...
06/10/201508:41:02Is Advanced Micro Devices Inc. Really Worth $5?
06/07/201520:30:00Xilinx Joins Global Leaders at the 2015 OpenPOWER Foundation...

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