SAN JOSE (dpa-AFX) - Xilinx Inc. (XLNX) reported that its first-quarter net income was $129.83 million, or $0.47 per share, down from $154.37 million or $0.56 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.45 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the quarter declined to $582.78 million from $615.46 million in the prior year quarter. Twenty six analysts had consensus revenue estimate of $574.98 million for the quarter.
The Xilinx Board of Directors announced a quarterly cash dividend of $0.22 per outstanding share of common stock, payable on August 29, 2012 to all stockholders of record at the close of business on August 8, 2012.
For the second-quarter, Sales are expected to be down 4% to 8% sequentially. Gross margin is expected to be approximately 66%. Twenty five analysts have consensus revenue estimate of $587.55 million for the second-quarter.
Copyright RTT News/dpa-AFX