Xilinx (XLNX) Releases Earnings Results, Beats Expectations By $0.02 EPS

Xilinx (XLNX) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.54 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.52. The company posted revenue of $571.00 million in the period, compared to analysts expectations of $566.26 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Xilinx closed down -0.16 points or -0.35% at $45.87 with 20,84,246 shares getting traded on Friday. Post opening the session at $46.03, the shares hit an intraday low of $45.75 and an intraday high of $46.47 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 1, 2016, Steven L Glaser (Sr. Vice President) sold 7,539 shares at $48.32 per share price. According to the SEC, on Jan 29, 2016, Scott Hover-smoot (SVP General Counsel) sold 10,000 shares at $48.06 per share price. On Dec 2, 2015, Victor Peng (Sr. Vice President) sold 40,000 shares at $50.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Xilinx Inc. (Xilinx) designs and develops programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (IC) in the form of programmable logic devices (PLD); software design tools to program the PLDs; targeted reference designs; printed circuit boards and intellectual property (IP) which consists of Xilinx and third-party verification and IP cores. The Company provides design services customer training field engineering and technical support. Its PLDs include field programmable gate arrays (FPGAs) complex programmable logic devices (CPLDs) programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs). Its product portfolio is designed to provide integration for electronic equipment manufacturers in end markets such as wired and wireless communications industrial scientific and medical aerospace and defense audio video and broadcast consumer automotive and test and measurement.


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