Xilinx Inc. (NASDAQ:XLNX) reported a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Investors are happy about beating analyst profit estimates as shares are up 1.67%.
Xilinx Inc. Earnings Cheat Sheet
Results: Net income decreased -18.43% to $103.6 million (38 cents per diluted share) in the quarter versus a net gain of $127.01 million in the year-earlier quarter.
Revenue: Decreased 0.25% to $509.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Xilinx Inc. reported adjusted net income of 38 cents per share. By that measure, the company beat the mean analyst estimate of $0.37. It missed the average revenue estimate of $527.66 million.
Quoting Management: Moshe Gavrielov, Xilinx President and CEO stated, “Exiting calendar 2012, I believe we have the strongest product portfolio in our history, a generation ahead of the competition. Our 28-nm products have gained significant momentum across a broad base of applications with clear leadership in performance, power and integration…