Hot Stock’s Alert – Xilinx, (NASDAQ: XLNX)

Xilinx Inc. (XLNX) on Wednesday stated fiscal third-quarter earnings of $239.4 million.

On a per-share basis, the San Jose, California-based company said it had net income of 93 cents. Earnings, adjusted for one-time gains and costs, came to 92 cents per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

The computer chipmaker posted revenue of $800.1 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $770.8 million.

For the current quarter ending in March, Xilinx said it anticipates revenue in the range of $815 million to $835 million. Analysts surveyed by Zacks had expected revenue of $775.5 million.

Xilinx, (NASDAQ: XLNX) was trading -5.92% away from its yearly high level, during the last trading session. The last session’s volume was 3,874,058 compared to its average daily volume of 3.22M shares. The company has its outstanding shares of 252.99M. The Technologystock showed a change of -1.59% from opening and finally closed at $89.55 by scoring -1.00%.


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