Xilinx Q2 Results Top Estimates

(RTTNews) - Xilinx, Inc. (XLNX) reported net income for the second quarter of $171.5 million or $0.62 per share, compared to $141.5 million or $0.49 per share for the year-ago quarter.

Net revenues for the second quarter rose 1% to $604.26 million from $598.94 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.55 per share on revenue of $601.69 million for the second quarter.

Looking forward, the company forecasts third quarter sales to be flat to up 4% sequentially. Gross margin for the third quarter is expected to be about 69%.