Xilinx 2Q net falls, warns of 3Q revenue decline

AP News
Posted: Oct 17, 2012 6:32 PM
Xilinx 2Q net falls, warns of 3Q revenue decline

SAN JOSE, Calif. (AP) — Xilinx Inc., a maker of programmable computer chips, said Wednesday that its fiscal second-quarter net income fell 2.3 percent and it warned that revenue could fall as much as 5 percent in the current quarter as it deals with a "challenging macroeconomic environment."

The company reported net income of $123.4 million, or 46 cents per share, for the quarter that ended Sept. 29. That was down from $126.3 million, or 47 cents per share, during the quarter that ended Oct. 1, 2011.

Revenue fell 2 percent to $543.9 million, from $555.2 million a year ago.

Analysts surveyed by FactSet had been expecting a profit of 41 cents per share on revenue of $547.7 million

It predicted that sales would fall 1 percent to 5 percent compared to the quarter it just finished. That would give it revenue of $516.7 million to $538.5 million, well below the $561 million expected by analysts.

The company also said it will pay a dividend of 22 cents per share on Nov. 28 to shareholders of record on Nov. 7.

Xilinx shares fell 19 cents to $33.77 in aftermarket trading following the release of the earnings report. They had ended the regular session up 22 cents at $33.96.