Xilinx Inc. Q1 adjusted earnings Beat Estimates

Xilinx Inc. (XLNX) revealed earnings for its first quarter that increased from last year.

The company's bottom line came in at $206.34 million, or $0.83 per share. This compares with $93.84 million, or $0.38 per share, in last year's first quarter.

Excluding items, Xilinx Inc. reported adjusted earnings of $235.75 million or $0.95 per share for the period.

Analysts had expected the company to earn $0.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.9% to $878.61 million from $726.67 million last year.

Xilinx Inc. earnings at a glance:

-Earnings (Q1): $235.75 Mln. vs. $160.17 Mln. last year.
-EPS (Q1): $0.95 vs. $0.65 last year.
-Analysts Estimate: $0.77
-Revenue (Q1): $878.61 Mln vs. $726.67 Mln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT