Xilinx Earnings Beat, Revenue Misses In Q3

28/01/2020 21:22:03 Stock Market

Xilinx (NASDAQ:XLNX) announced third quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.

The company reported earnings per share of $0.68 on revenue of $723.5M. Analysts polled by Investing.com forecast EPS of $0.6 on revenue of $731.35M. That was in comparison to EPS of $0.93 on revenue of $800.06M in the same quarter a year before. Xilinx had announced EPS of $0.89 on revenue of $833M in the previous quarter.

Analysts are expecting EPS of $0.81 and revenue of $825.11M in the next quarter.

Xilinx share's are up 0.86% for the year to date , still down 30.36% from its 52 week high of $141.60 set on April 24, 2019.

Xilinx follows other major Technology sector earnings this month

On January 21, IBM reported fourth quarter EPS of $4.71 on revenue of $21.78B, was in comparison with a forecasts for EPS of $4.69 on revenue of $21.64B.

Intel earnings beat analysts' expectations on Thursday, with fourth quarter EPS of $1.52 on revenue of $20.21B. Investing.com analysts forecast EPS of $1.25 on revenue of $19.23B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar