Investing.com - Xilinx (NASDAQ:XLNX) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.92 on revenue of $800M. Analysts polled by Investing.com forecast EPS of $0.85 on revenue of $770.44M. That compared to EPS of $0.76 on revenue of $631.2M in the same period a year earlier. The company had reported EPS of $0.84 on revenue of $746M in the previous quarter.
Xilinx shares gained 6.53% to trade at $95.40 in after-hours trade following the report.
Xilinx follows other major Technology sector earnings this month
On January 17, Taiwan Semiconductor reported fourth quarter EPS of $0.63 on revenue of $9.4B, compared to forecasts of EPS of $0.62 on revenue of $9.36B.
IBM earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $4.87 on revenue of $21.76B. Investing.com analysts expected EPS of $4.82 on revenue of $21.75B
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