Xilinx Tops Street Consensus on EPS

Xilinx said fiscal Q3 2017 earnings rose to $0.52 from $0.49 a year earlier, coming in ahead of the average of estimates on Capital IQ for $0.49 a share. Net revenue rose 3% to $585.7 million, topping the Street’s view for $579.6 million.

For the next quarter, the company sees sales between $590 million to $620 million, while the average of 18 Street analysts is for $608 million.

The company declared a quarterly cash dividend of $0.33 per share, payable on Feb. 23 to investors on record by Feb. 8. XLNX rose about 2.5% in after-hours trading.

By William Spence