Xilinx 4Q Profit Rises 7.8%; 1Q Revenue View Above Street

Date : 04/27/2011 @ 5:19PM
Source : Dow Jones News
Stock : Xilinx, Inc. (MM) (XLNX)
Quote : 60.65  0.0 (0.00%) @ 8:09AM

Xilinx 4Q Profit Rises 7.8%; 1Q Revenue View Above Street

Xilinx, Inc. (MM) (NASDAQ:XLNX)
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   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;

 
 



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