Xilinx Inc. Earnings: Keeping the Profitability Streak Alive

S&P 500 (NYSE:SPY) component Xilinx Inc. (NASDAQ:XLNX) reported its results for the fourth quarter. Xilinx designs, develops and markets programmable platforms and predefined system functions delivered as intellectual property cores.

Investing Insights: What’s the Future of Microsoft’s Stock?

Xilinx Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for Xilinx Inc. fell to $134.1 million (49 cents per share) vs. $160.1 million (59 cents per share) a year earlier. This is a decline of 16.2% from the year-earlier quarter.

Revenue: Fell 4.9% to $559 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Xilinx Inc. beat the mean analyst estimate of 40 cents per share. It beat the average revenue estimate of $531.6 million.

Key Stats:

The company has now seen net income fall for four quarters in a row. In the third quarter, net income fell 16.6% while the figure fell 26.1% in the second quarter and 2.7% in the first quarter.

The company has now topped analyst estimates for the last four quarters. It beat the mark by 5 cents in the third quarter, by 3 cents in the second quarter, and by 3 cents in the first quarter.

Revenue has fallen for the last three quarters in a row. In the third quarter, revenue declined 9.9% to $511.1 million while the figure fell 10.4% in the second quarter from the year earlier.

The company’s cost of sales fell 7.9% from a year earlier to $187.6 million. Last quarter, cost of sales was 33.6% of revenue versus 34.7% a year earlier.

Looking Forward: Analysts have a positive outlook for the company’s performance next quarter. Over the past seven days, the average estimate for the first quarter of the next fiscal year has gone up to 44 cents a share from 43 cents. The average estimate hasn’t changed from $1.91 per share for the fiscal year.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

Apple: We’re Unstoppable!

Ford Motor Company First Quarter Earnings Sneak Peek>>

These 6 Retailers Rake in the Cash>>