Xillinx (XLNX) reported better-than-expected results for its fiscal first quarter ended July 3.
For the quarter, the maker of field programmable gate array reported revenue of $594.7 million and profits of 58 cents a share, ahead of the Street at $588.6 million and 53 cents. Revenues were up 12% sequentially, and 58% from a year ago.
For the second quarter, XLNX expects sales to grow 4%-7%, which implies $618.5 million to $636.3 million, well ahead of the Street at $565.4 million.
In late trading, XLNX is up 20 cents, or 0.7%, to $28.
No comments:
Post a Comment