— Xilinx Inc. (NASDAQ: XLNX) reported third quarter 2020 adjusted earnings of $0.68 per share versus $0.59 per share expected.
— Revenue decreased by 10% to $723 million versus $730.6 million expected.
— Xilinx expects to reduce its global workforce by approximately 7% through a targeted reduction in force and meaningfully slower hiring to replace attrition.
— Q4 revenues are expected to be in the range of $750 million to $780 million.
— Revenue in the fourth quarter is expected to grow on a sequential basis.
— The company expects greater than expected weakness in the wired and wireless business in Q4 due to a slowdown in both 5G and wired infrastructure deployments, in addition to ongoing global trade headwinds.
— Xilinix stock was down about 8% immediately after the earnings announcement.
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
