Xilinx Sinks On Q3 Revenue Miss, Weak Outlook

Xilinx, Inc. XLNX fell in Wednesday's extended session after the company missed third-quarter revenue expectations and offered a disappointing outlook.

The company changed hands recently at $39.30, down more than 5 percent.

Xilinx said results were hurt by disappointing sales from broadcast and communications end markets.

Xilinx forecast a fourth-quarter sales decline of between 2 percent and 6 percent from the $594 million posted for the recent third quarter.

Wall Street expects fourth-quarter sales of $635.4 million.

For the recent period, Xilinx's net profit fell more than 4 percent to $168 million, or $0.62 a share, from year-earlier profit of $175.9 million or $0.61 a share.

Third-quarter sales grew 1 percent to $593.5 million, from $586.8 a year earlier.

Wall Street expected $0.61 a share, on revenue of $616.6 million.