Investing.com - Xilinx (NASDAQ:XLNX) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Xilinx announced earnings per share of $0.65 on revenue of $727M. Analysts polled by Investing.com anticipated EPS of $0.53 on revenue of $720.29M.
Xilinx shares are up 14% from the beginning of the year , still down 7.54% from its 52 week high of $121.04 set on July 30, 2019. They are outperforming the S&P 500 which is up 0.52% from the start of the year.
Xilinx shares gained 0.97% in after-hours trade following the report.
Xilinx follows other major Technology sector earnings this month
Xilinx's report follows an earnings beat by Microsoft on July 22, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.
Alphabet C had beat expectations on Thursday with second quarter EPS of $10.13 on revenue of $38.30B, compared to forecast for EPS of $8.04 on revenue of $37.3B.
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