Xilinx misses by $0.02, reports revs in-line; guides Q1 revs above consensus; increases dividend, announces acquisition of Solarflare
- Reports Q4 (Mar) earnings of $0.94 per share, excluding non-recurring items, $0.02 worse than the S&P Capital IQ Consensus of $0.96; revenues rose 29.8% year/year to $828.36 mln vs the $826.51 mln S&P Capital IQ Consensus.
- The Xilinx Board of Directors declared a quarterly cash dividend of $0.37 per outstanding share of common stock payable on June 3, 2019 to all stockholders of record at the close of business on May 16, 2019. Prior dividend was $0.36/share
- The co also announced today that it has entered into a definitive agreement to acquire Solarflare Communications, Inc., an Irvine, Calif.-based privately-held company. Solarflare is a leading provider of high-performance, low latency networking solutions for customers spanning FinTech to cloud computing. Terms of the deal were not disclosed.
- Co issues upside guidance for Q1, sees Q1 revs of $835-865 mln vs. $834.75 mln S&P Capital IQ Consensus; sees Gross Margins of ~66%
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