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
HOG Earnings: Key quarterly highlights from Harley-Davidson’s Q4 2022 financial results
Harley-Davidson, Inc. (NYSE: HOG) reported fourth quarter 2022 earnings results today. Revenue increased 12% year-over-year to $1.14 billion. Net income attributable to Harley-Davidson, Inc. rose 94% YoY to $42 million,
After positive Q4, Advanced Micro Devices (AMD) looks at a mixed 2023
Advanced Micro Devices, Inc. (NASDAQ: AMD) this week issued a cautious outlook for the first quarter of 2023, after reporting stronger-than-expected fourth-quarter results. The chipmaker did not provide full-year guidance,
META Earnings: All you need to know about Meta Platforms’ Q4 2022 earnings results
Meta Platforms, Inc. (NASDAQ: META) reported fourth quarter 2022 earnings results today. Revenue declined 4% year-over-year to $32.17 billion. Net income fell 55% to $4.6 billion while EPS dropped 52%