Wednesday, Xilinx Inc. (XLNX) reported second-quarter net income of $64.0 million or $0.23 per share, compared to net income of $81.1 million or $0.29 per share in the same quarter last year.
On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.22 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the quarter was $415.0 million, down 14% from $483.5 million in the comparable quarter last year. Analysts expected the company to report revenue of $410.21 million for the quarter.
For the third quarter, the company expects sales to be up approximately 6% - 10% sequentially. Share count is expected to be approximately 278 million for the quarter.
The company also announced a $0.02 increase in the quarterly cash dividend to $0.16 per outstanding share, payable on November 24, 2009 to all stockholders of record at the close of business on November 4, 2009.
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