Xilinx Inc. (XLNX) reported first quarter EPS of $0.62 after the bell Tuesday, compared to $0.56 last year. Revenues came in at $613 million, compared to $579 million a year ago. The consensus estimates were for EPS of $0.61 and revenues of $631.55 million. Second quarter sales are expected to be flat to down 4% sequentially.
Xilinx gapped open sharply lower Wednesday morning and is now down 6.73 at $41.42 on above average volume. The stock has plummeted to a new low for the year.
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