Xilinx Earnings, Revenue Beat in Q1 By Investing.com


© Reuters. Xilinx Earnings, Revenue Beat in Q1

Investing.com – Xilinx (NASDAQ:) reported on Wednesday first quarter that beat analysts’ forecasts and revenue that topped expectations.

Xilinx announced earnings per share of $0.95 on revenue of $879M. Analysts polled by Investing.com anticipated EPS of $0.7793 on revenue of $859.29M.

Xilinx shares are down 2% from the beginning of the year, still down 10.57% from its 52 week high of $154.92 set on January 11. They are under-performing the Nasdaq which is up 14.54% from the start of the year.

Xilinx shares lost 0.17% in after-hours trade following the report.

Xilinx follows other major Information Technology sector earnings this month

Xilinx’s report follows an earnings beat by Apple on Tuesday, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.26B.

Microsoft had beat expectations on Tuesday with fourth quarter EPS of $2.17 on revenue of $46.15B, compared to forecast for EPS of $1.91 on revenue of $44.06B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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