Categories AlphaGraphs, Earnings, LATEST, Technology
Xilinx (XLNX) Earnings: Q1 profit, revenue beat estimates
Tech firm Xilinx, Inc. (NASDAQ: XLNX) Wednesday reported a 21% increase in first-quarter 2022 revenues. As a result, earnings grew sharply year-over-year, beating experts’ estimates.
First-quarter net income, excluding special items, climbed to $0.95 per share from $0.65 per share in the comparable period of 2021. The latest number was also above the consensus forecast. Net income rose to $206 million or $0.83 per share from $94 million or $0.38 per share last year.
Read management/analysts’ comments on Xilinx’s Q1 report
The positive outcome was the result of a 21% growth in first-quarter revenues to $879 million. Market watchers had predicted a lower top-line number.
Shares of Xilinx gained modestly during Wednesday’s extended trading following the announcement, after closing the regular session higher.
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was
