Xilinx Shares Rise On Better-Than-Expected FY Q3
Xilinx (XLNX) shares are higher in after-hours trading after the company reported better-than-expected results for the fiscal third quarter ended December. Revenue in the quarter of $474.8 million beat the Street consensus of $463.6 million. EPS of 35 cents beat the Street buy three cents. The company said sales in the quarter were better than anticipated, “due primarily to strength in defense and consumer applications.”
For the March quarter, the company sees revenues to be in a range of up 3% to down 1% sequentially; that implies revenue of $470 million to $489 million; the Street has been expecting $480.64 million.
In after hours trading, Xilinix is up 96 cents, or 5%, at $20.10.

Tech Trader Daily is a blog on technology investing written from Palo Alto, California by long-time Barron's West Coast Editor Eric J. Savitz. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields.