Xilinx Inc. (XLNX) announced a profit for third quarter that dropped from the same period last year.
The company's profit came in at $162 million, or $0.64 per share. This compares with $239 million, or $0.93 per share, in last year's third quarter.
Excluding items, Xilinx Inc. reported adjusted earnings of $171 million or $0.68 per share for the period.
Analysts had expected the company to earn $0.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 9.6% to $723 million from $800 million last year.
Xilinx Inc. earnings at a glance:
-Earnings (Q3): $171 Mln. vs. $237 Mln. last year.
-EPS (Q3): $0.68 vs. $0.92 last year.
-Analysts Estimate: $0.59
-Revenue (Q3): $723 Mln vs. $800 Mln last year.
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