Xilinx Revises December Quarter FY07 Guidance
By William Trent, CFA of Stock Market Beat Hot on the heels of the National Semiconductor (NSM) disappointment, Xilinx (XLNX) cut its own earnings forecast.Xilinx Revises December Quarter FY07 Guidance: Financial News – Yahoo! Finance Xilinx, Inc. (Nasdaq: XLNX –…
By William Trent, CFA of Stock Market Beat
Hot on the heels of the National Semiconductor (NSM) disappointment, Xilinx (XLNX) cut its own earnings forecast.
Xilinx Revises December Quarter FY07 Guidance: Financial News – Yahoo! Finance
Xilinx, Inc. (Nasdaq: XLNX – News) today announced its business update for the December quarter of fiscal 2007.* The Company now expects December quarter sales to be down 2% to 5% sequentially due to weaker than anticipated turns business in the month of November, particularly from communications customers. This is a revision from previous sales guidance of up 2% to 5% sequentially.
* Gross margin guidance is expected to be unchanged at 61% to 62%, including approximately $2 million of stock-based compensation charges.
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