Xilinx Inc. (XLNX: Quote) reported that its fourth quarter net income declined to $134.1 million, or $0.49 per share, from $160.1 million or $0.59 per share in the same quarter last year.
Net revenue was $558.97 million, down from $587.85 million in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.41 per share on revenues of $531.59 million for the quarter. Analysts' estimates typically exclude special items.
For the first-quarter, Sales are expected to be up 1% to up 5% sequentially. Gross margin is expected to be approximately 65% - 66%. Analysts expect the company to report revenues of $552.64 million for the first-quarter.
by RTT Staff Writer
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