Xilinx stock declines as outlook misses Street view [MarketWatch]
Xilinx, Inc. (XLNX)
Last xilinx, inc. earnings: 4/22 04:20 pm
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Source: MarketWatch
Xilinx Inc. shares declined in the extended session Wednesday after the chip maker's quarterly results topped Wall Street estimates but offered an outlook that did not. Xilinx shares declined 4% after hours, following a 5% rise in the regular session to close at $90.60. The company reported fiscal fourth-quarter net income of $162.3 million, or 66 cents a share, compared with $244.6 million, or 96 cents a share, in the year-ago period. Adjusted earnings were 78 cents a share, compared with 94 cents a share in the year-ago period. Revenue declined to $756.2 million from $828.4 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 65 cents a share on revenue of $750.9 million. "There remains a high degree of uncertainty in the global business environment given the impact of COVID-19 which creates challenges with visibility beyond the near term," said Xilinx Chief Executive Victor Peng in a statement. "Therefore, we believe it is prudent to provide only q
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