Xilinx Earnings, Revenue beat In Q1

  • Investing.com
  • Stock Market News
Xilinx Earnings, Revenue beat In Q1
Credit: © Reuters.

Investing.com - Xilinx (NASDAQ: XLNX ) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Xilinx announced earnings per share of $0.95 on revenue of $879M. Analysts polled by Investing.com anticipated EPS of $0.7793 on revenue of $859.29M.

Xilinx shares are down 2% from the beginning of the year and are trading at $138.30 , down-from-52-week-high.They are under-performing the Nasdaq which is up 14.54% from the start of the year.

Xilinx shares lost 0.17% in after-hours trade the report.

Xilinx follows other major Information Technology sector earnings this month

Xilinx's report follows an earnings beat by Apple on Tuesday, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.26B.

Microsoft had beat expectations on Tuesday with fourth quarter EPS of $2.17 on revenue of $46.15B, compared to forecast for EPS of $1.91 on revenue of $44.06B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100