Xilinx earnings, Revenue beat in Q3

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Xilinx earnings, Revenue beat in Q3
Credit: © Reuters.

Investing.com - Xilinx reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Xilinx announced earnings per share of $1.29 on revenue of $1.01B. Analysts polled by Investing.com anticipated EPS of $0.9766 on revenue of $956.53M.

Xilinx shares are down 17% from the beginning of the year and are trading at $173.98 , down-from-52-week-high.They are under-performing the S&P 500 which is down 8.73% year to date.

Xilinx shares lost 0.80% in after-hours trade the report.

Xilinx follows other major Information Technology sector earnings this month

Xilinx's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.48 on revenue of $51.73B, compared to forecasts EPS of $2.31 on revenue of $50.65B.

Taiwan Semiconductor had beat expectations on Thursday, January 13, 2022 with fourth quarter EPS of $1.16 on revenue of $15.85B, compared to forecast for EPS of $1.12 on revenue of $15.69B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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