Investing.com - Xilinx (NASDAQ:XLNX) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Xilinx announced earnings per share of $0.78 on revenue of $756.2M. Analysts polled by Investing.com anticipated EPS of $0.65 on revenue of $751.68M. That with comparison to EPS of $0.95 on revenue of $828.36M in the same period a year before.Xilinx had reported EPS of $0.64 on revenue of $723M in the previous quarter.Analysts are expecting EPS of $0.69 and revenue of $738.25M in the upcoming quarter.
Xilinx shares are down 7% from the beginning of the year and are trading at $88.70 , down-from-52-week-high.They are outperforming the S&P 500 which is down 13.75% year to date.
Xilinx shares lost 2.10% in after-hours trade the report.
Xilinx follows other major Technology sector earnings this month
Xilinx's report follows an earnings matched by Taiwan Semiconductor on Thursday, April 16, 2020, who reported EPS of $0.75 on revenue of $10.32B, compared to forecasts EPS of $0.75 on revenue of $10.32B.
SAP ADR had missed expectations on Tuesday with first quarter EPS of $0.92 on revenue of $7.08B, compared to forecast for EPS of $1.02 on revenue of $7.1B.
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