Xilinx posts flat earnings, strong revenue for 1Q
Highlights:
- Q1 result included charges of $24.1 million, or 7 cents per share, for a restructuring as well as impairment losses on equity investments.
- Sales from the Asia Pacific region reached a record 32 percent of total sales, up from 29 percent a year ago.
- Shares rose $1.36 to $25.21 in regular trading and shed 55 cents to $24.66 after hours.
Outlook:
Q2'09 projects revenue could grow as much as 1 percent sequentially, but could decline as much as 3 percent, which translates to a range of $493 million to $473.5 million.
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