— Xilinx Inc. (NASDAQ: XLNX) reported second-quarter 2020 adjusted earnings of $0.94 per share versus $0.89 per share expected.
— Revenue increased by 12% to $833 million versus $824.84 million expected.
— Looking ahead, the company sees a combination of headwinds in the second half related to continuing business restrictions, weaker demand for communications products and macro-related weakness.
— For fiscal 2020, the company believes that the third-quarter will be its low point and expects to see a return to sequential revenue growth in its fourth-quarter.
— Revenues are anticipated to be in the range of $710 million to $740 million in the third quarter and $3.21 billion to $3.28 billion in fiscal 2020.
— Operating expenses are predicted to be about $336 million in the third quarter and about $1.33 billion in the full year 2020.
— The board of directors declared a quarterly cash dividend of $0.37 per common share, payable on December 3, 2019, to all stockholders of record on November 12, 2019.
— The board also approved a new authorization for the company to repurchase up to $1 billion of its common stock.
Most Popular
FDX Earnings: FedEx Q1 adjusted earnings drop; revenue up 5%
Cargo giant FedEx Corporation (NYSE: FDX) Thursday reported a decline in first-quarter adjusted earnings, despite an increase in revenues. The company also provided guidance for fiscal 2023. Net income, adjusted
Key highlights from Darden Restaurants (DRI) Q1 2023 earnings results
Darden Restaurants, Inc. (NYSE:DRI) reported first quarter 2023 earnings results. Total sales increased 6.1% year-over-year to $2.4 billion, driven by blended same-restaurant sales growth of 4.2%. Net earnings amounted to
ACN Earnings: Key quarterly highlights from Accenture’s Q4 2022 financial results
Accenture (NYSE: ACN) reported fourth quarter 2022 earnings results today. Total revenues were $15.4 billion, up 15% year-over-year in US dollars and up 22.4% in local currency. Net income attributable
