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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
07/29/201619:43:06Statement of Changes in Beneficial Ownership (4)
07/28/201616:12:10Quarterly Report (10-q)
07/28/201609:42:00U.S. Hot Stocks: Hot Stocks to Watch
07/27/201616:29:50Current Report Filing (8-k)
07/27/201616:20:00Xilinx Announces First Quarter 2017 Results; Advanced Products...
07/15/201614:51:52Amended Statement of Ownership (sc 13g/a)
07/06/201617:22:45Statement of Changes in Beneficial Ownership (4)
07/06/201617:01:51Statement of Changes in Beneficial Ownership (4)
07/06/201614:57:18Statement of Changes in Beneficial Ownership (4)
07/06/201613:57:13Statement of Changes in Beneficial Ownership (4)
06/15/201607:00:00Xilinx Broadens the Zynq UltraScale+ MPSoC Family with Streamlined...
06/14/201607:00:00Xilinx Zynq UltraScale+ MPSoC Available with Android Open Source...
06/08/201607:00:00Xilinx Extends SDSoC Development Environment, Enabling Software...
06/01/201606:01:44Additional Proxy Soliciting Materials (definitive) (defa14a)
06/01/201606:01:43Proxy Statement (definitive) (def 14a)
05/27/201616:33:53Specialized Disclosure Report (sd)
05/25/201617:57:37Initial Statement of Beneficial Ownership (3)
05/23/201607:05:00Xilinx Expands its 16nm UltraScale+ Product Roadmap to Include...
05/23/201607:00:00Technology Leaders Join Forces to Bring an Open Acceleration...
05/20/201616:29:37Statement of Changes in Beneficial Ownership (4)

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