Xilinx (XLNX) Tops Q2 EPS by 6c; Sees Q3 Sales Flat Sequentially

Xilinx (NASDAQ: XLNX) reported Q2 EPS of $0.61, $0.06 better than the analyst estimate of $0.55. Revenue for the quarter came in at $579 million versus the consensus estimate of $574.9 million.

Business Outlook – December Quarter Fiscal 2017

• Sales are expected to be approximately flat sequentially.
• Gross margin is expected to be approximately 69%.
• Operating expenses are expected to be approximately $245 million including $1 million of amortization of acquisition-related intangibles.
• Other income and expenses are expected to be a net expense of approximately $2 million.
• December quarter tax rate is expected to be approximately 14%.

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

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