Xilinx Inc (XLNX) Tops Q1 EPS by 1c; Offers Q2 Outlook

Xilinx Inc (NASDAQ: XLNX) reported Q1 EPS of $0.55, $0.01 better than the analyst estimate of $0.54. Revenue for the quarter came in at $549 million versus the consensus estimate of $556.68 million.

Business Outlook – September Quarter Fiscal 2016

• Sales are expected to be down 2% to 6% sequentially.
• Gross margin is expected to be 69% to 70%.
• Operating expenses are expected to be approximately $217 million including $2 million of amortization of acquisition-related intangibles.
• Other income and expenses are expected to be a net expense of approximately $10 million.
• Fully diluted share count is expected to be approximately 268 million.
• September quarter tax rate is expected to be approximately 12%.

For earnings history and earnings-related data on Xilinx Inc (XLNX) click here.

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