Semiconductor company Xilinx, Inc. (NASDAQ: XLNX) reported stronger than expected earnings and revenues for the fourth quarter of 2020. The stock closed Wednesday’s regular trading sharply higher, but declined during the extended session following the announcement.
The results show that the restrictions imposed on China-based tech firm Huawei, the largest customer of Xilinx, and the COVID-19 related disruptions did not affect the company’s performance much.
Earnings, on an adjusted basis, dropped to $0.78 per share from $0.94 per share last year but came in above the consensus forecast. Reported profit dropped to $162 million or $0.65 per share from $245 million or $0.95 per share in the fourth quarter of 2019.
The decline in profit reflects a 9% fall in revenues to $756 million. The top-line, meanwhile, exceeded the market’s projection.
[irp posts=”55456″]
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and