Xilinx Earnings: A Mixed Bag

Xilinx Inc. (NASDAQ:XLNX) reported a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Investors are happy about beating analyst profit estimates as shares are up 1.67%.

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Xilinx Inc. Earnings Cheat Sheet

Results: Net income decreased -18.43% to $103.6 million (38 cents per diluted share) in the quarter versus a net gain of $127.01 million in the year-earlier quarter.

Revenue: Decreased 0.25% to $509.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Xilinx Inc. reported adjusted net income of 38 cents per share. By that measure, the company beat the mean analyst estimate of $0.37. It missed the average revenue estimate of $527.66 million.

Quoting Management: Moshe Gavrielov, Xilinx President and CEO stated, “Exiting calendar 2012, I believe we have the strongest product portfolio in our history, a generation ahead of the competition.  Our 28-nm products have gained significant momentum across a broad base of applications with clear leadership in performance, power and integration…