Xilinx, Inc. (NASDAQ:XLNX) developer of programmable devices, is reporting second quarter earnings results on Wednesday 21st October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.74 per share.
For the full year, analysts predict revenues of $ 3059.32 million, while looking forward to income of $ 2.62 per share.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 730.00 million ~ $ 780.00 million
Click Here For More Historical Outlooks Of Xilinx, Inc.
Previous Quarter Performance
Xilinx, Inc. recorded income for the first quarter of $ 0.65 per share, from the revenue of $ 726.67 million. The quarterly earnings 30.85 percent while revenues down 14.24 percent compared with the same quarter last year.
Street analysts expected Xilinx, Inc. to report income of $ 0.56 per share on revenue of $ 725.63 million for the first quarter. The bottom line results beat street analysts by $ 0.09 or 16.07 percent, at the same time, top line results outshined analysts by $ 1.04 million or 0.14 percent.
Stock Performance
Shares of Xilinx, Inc. traded low $ -1.65 or -1.42 percent on Tuesday, reaching $ 114.73 with volume of 3.28 million shares. Xilinx, Inc. has traded high as $ 116.93 and has cracked $ 114.12 on the downward trend
The closing price of $ 114.73, representing a 71.96 % increase from the 52 week low of $ 67.68 and a 5.98 % decrease over the 52 week high of $ 123.78.
The company has a market capital of $ 28.03 billion and is part of the Technology sector and Semiconductors industry.
Recent Analyst recommendations
- On 12th October 2020, downgraded by Robert W. Baird to Neutral from Outperform rating.
Recent Stock Dividend Announcement
On July 30, 2020, the board of directors authorized quarterly dividend of $ 0.38 per share to holders of record as of the close of business on August 13, 2020, with payment date of September 3, 2020 and ex-dividend date on August 12, 2020.
Conference Call
Xilinx, Inc. will be hosting a conference call at 5:00 PM eastern time on 21st October 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.xilinx.com
Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. The company offers integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.
