Xilinx beats by $0.01, misses on revs; guides Q2 revs below consensus
Reports Q1 (Jun) earnings of $0.55 per share, $0.01 better than the Capital IQ Consensus of $0.54; revenues fell 10.4% year/year to $549 mln vs the $555.39 mln consensus.
Co issues downside guidance for Q2, sees Q2 revs -2 to -6% QoQ to ~$516-538 mln vs. $575.15 mln Capital IQ Consensus; gross margin 69-70%; additional guidance implies EPS of ~$0.42-49 vs. $0.56 consensus.