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Apr 1 closing price
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$194.92
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48.41B
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Sergey Savastiouk's Avatar
published in Blogs
Jan 29, 2020
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Xilinx ( XLNX, $89.82) posts weaker-than-expected revenue guidance; plans to retrench 7% of workforce

Xilinx released fourth-quarter sales guidance that was below consensus estimates. 

The supplier of programmable logic devices reported adjusted earnings of 68 cents a share, compared to 92 cents a share a year ago. Revenue fell to $723.5 million from $800.1 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 60 cents a share on revenue of $731.3 million. 

For the fiscal fourth quarter, Xilinx expects revenue of $750 million to $780 million. Analysts were expecting $825.1 million.

Xilinx announced plans of  cutting 7% of its global workforce, mainly in selling, general and administrative roles, in  a bid to maintain operating profit amid revenue concerns.

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a developer of programmable logic solutions

Industry Semiconductors

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Industry
Semiconductors
Address
2100 Logic Drive
Phone
+1 408 559-7778
Employees
4890
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https://www.xilinx.com
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