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Xilinx Inc. Q1 adjusted earnings Beat Estimates

Xilinx Inc. (XLNX) released earnings for first quarter that decreased from last year.

The company's earnings came in at $93.84 million, or $0.38 per share. This compares with $241.46 million, or $0.94 per share, in last year's first quarter.

Excluding items, Xilinx Inc. reported adjusted earnings of $160.17 million or $0.65 per share for the period.

Analysts had expected the company to earn $0.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 14.5% to $726.67 million from $849.63 million last year.

Xilinx Inc. earnings at a glance:

-Earnings (Q1): $160.17 Mln. vs. $249.08 Mln. last year.
-EPS (Q1): $0.65 vs. $0.97 last year.
-Analysts Estimate: $0.56
-Revenue (Q1): $726.67 Mln vs. $849.63 Mln last year.

Next quarter revenue guidance: $730 - $780 Mln

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