Xilinx net slips, but outlook beats views

SAN FRANCISCO (MarketWatch) - Xilinx Inc. on Wednesday reported a fiscal third-quarter profit of $127 million, or 47 cents a share, compared with a profit of $152 million, or 58 cents a share, for the year-earlier period. Revenue slipped to $511 million, from $567 million. The company's net income included a tax benefit of $15.3 million, or 6 cents a share. Analysts had expected the company to report earnings of 37 cents a share, on revenue of $498 million, according to a consensus survey by FactSet Research. For the current quarter, Xilinx said it expects sales to increase 2% to 6% sequentially, or a range of roughly $521 million to $542 million. Analysts were expecting revenue of $508 million, according to data from FactSet Research. Xilinx shares were up 7% in after-hours trading.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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