Xilinx Inc. Q2 Income Drops 26%

(RTTNews) - Xilinx Inc. (XLNX) released earnings for second quarter that retreated compared to the same period last year.

The company said its profit came in at $127 million, or $0.48 per share. This was lower than $172 million, or $0.62 per share, in last year's second quarter.

Analysts had expected the company to earn $0.47 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.6% to $528 million. This was down from $604 million last year.

Xilinx Inc. earnings at a glance:

-Earnings (Q2): $127 Mln. vs. $172 Mln. last year. -Earnings Decline (Y-o-Y): -26.2% -EPS (Q2): $0.48 vs. $0.62 last year. -EPS Decline (Y-o-Y): -22.6% -Analysts Estimate: $0.47 -Revenue (Q2): $528 Mln vs. $604 Mln last year. -Revenue Change (Y-o-Y): -12.6%