Xilinx Inc. (XLNX) reported that its third-quarter net income was $106.91 million or $0.38 per share, compared to $119.44 million or $0.44 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.35 per share for the quarter. Analysts' estimates typically exclude special items.
The latest quarter results included previously announced restructuring charges totaling $5.5 million, or approximately $0.02 per share. On a year over year basis, third quarter net income and earnings per share declined because in the third quarter of fiscal 2009 there was a $58.3 million pre-tax gain from the early extinguishment of convertible debentures, partially offset by a $19.5 million pre-tax impairment charge on investments.
Net revenues for the quarter were $513.35 million, compared to $458.39 million in the prior year quarter. Seventeen analysts had consensus revenue estimate of $491.67 million for the quarter.
For the fourth-quarter, Sales are expected to be up 3% sequentially to down 1% sequentially. Gross margin is expected to be approximately 64% to 65%. Operating expenses are expected to be approximately $180 million, including $3 million in previously announced restructuring charges. Other income and expense is expected to be a net expense of approximately $2 million. Seventeen analysts have consensus revenue estimate of $492.79 million for the fourth-quarter.
Xilinx announced a quarterly cash dividend of $0.16 per outstanding share of common stock, payable on March 3, 2010 to all stockholders of record at the close of business on February 10, 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.