Xilinx Profit Tops Estimates, Sees Return to Growth

(Bloomberg) — Xilinx Inc., the chipmaker in takeover talks with Advanced Micro Devices Inc., reported earnings that beat Wall Street estimates and said revenue will start rowing again in the current period.Sales will be $750 million to $800 million in the three months ending in December, the San Jose, California-based company said. Revenue even at the low end of the forecast would represent the company’s first quarter of year-over-year growth in five such periods. Analysts on average projected $774 million.Xilinx Chief Executive Officer Victor Peng is trying to spread the use of his company’s products into new areas such as …read more

Source:: Yahoo Finance

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