Xilinx (XLNX) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 9.33%. A quarter ago, it was expected that this computer chipmaker would post earnings of $0.71 per share when it actually produced earnings of $0.78, delivering a surprise of 9.86%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Xilinx, which belongs to the Zacks Semiconductors - Programmable Logic industry, posted revenues of $850.99 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 4.73%. This compares to year-ago revenues of $756.17 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.