Xilinx Inc (XLNX) Sees Late Upside Following Solid Q3 Results, Firm Outlook

Xilinx Inc (NASDAQ: XLNX) shares are notably higher following the company's Q3 report on Wednesday.

After markets closed, Xilinx posted Q3 EPS of $0.49 with revenue of $566.2 million, versus the analyst EPS estimate of $0.49 and revenue outlook of $555 million. The company noted that revenue was at the high-end of its own expectations.

Xilinx also expects Q4 sales to be approximately flat sequentially, with the Street currently modeling $654.9 million.

Gross margin for Q3 was 68.5 percent and Xilinx sees gross margin right in that range.

Shares of Xilinx are up nearly 6 percent in after-hours trading.

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