RTTNews | Jul 30, 2020 04:50PM EDT

16:50 Thursday, July 30, 2020 (RTTNews.com) - Xilinx Inc. (XLNX) released earnings for first quarter that decreased from last year.

The company's earnings came in at $93.84 million, or $0.38 per share. This compares with $241.46 million, or $0.94 per share, in last year's first quarter.

Excluding items, Xilinx Inc. reported adjusted earnings of $160.17 million or $0.65 per share for the period.

Analysts had expected the company to earn $0.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 14.5% to $726.67 million from $849.63 million last year.

Xilinx Inc. earnings at a glance:

-Earnings (Q1): $160.17 Mln. vs. $249.08 Mln. last year.-EPS (Q1): $0.65 vs. $0.97 last year.-Analysts Estimate: $0.56-Revenue (Q1): $726.67 Mln vs. $849.63 Mln last year.

-Guidance:Next quarter revenue guidance: $730 - $780 Mln

Read the original article on RTTNews ( https://www.rttnews.com/3116511/xilinx-inc-q1-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved