Xilinx forecasts current-quarter revenue below estimates [Reuters]
Xilinx, Inc. (XLNX)
Last xilinx, inc. earnings: 4/22 04:20 pm
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Source: Reuters
Xilinx forecasts current-quarter revenue below estimates April 22 (Reuters) - Xilinx Inc on Wednesday forecast first-quarter revenue below estimates and refrained from providing an annual outlook, citing the uncertainty caused by the coronavirus outbreak. Shares of the company, which closed 5% higher on Wednesday, were down 4.5% in extended trading. Xilinx said it expects first-quarter revenue in the range of between $660 million and $720 million, below analysts’ average estimate of $738.8 million, according to IBES data from Refinitiv. (Reporting by Munsif Vengattil in Bengaluru; Editing by Devika Syamnath)
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